Byrider Franchising

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Byrider Opens Several New Franchise Locations

We’re always telling prospective franchisees and customers alike that Byrider’s unique business model of offering financing directly to customers is a popular and effective way to sell cars. Aside from our many years in business and countless cars sold, proof of that popularity can be found in the increasing number of franchises we’re opening nationwide. Recently, we’ve opened five new locations! Learn more about them below.

The New Franchises

Fon Du Lac, Wisconsin: The Fond du Lac dealership, owned by Mike Darrow, will expand the group’s opportunity as the consumer’s choice in helping people get a fresh opportunity to finance and own a quality vehicle.

Fort Worth, Texas: Chris Campbell, Keith Orr, and their entire team have opened their first Byrider dealership! This new partnership will continue bringing reliable transportation and affordable financing to Ft. Worth customers.

Colorado Springs, Colorado: Debbie Campbell, Peter Flaherty, and their team have also opened their first Byrider dealership! The beautiful facility will bring reliable transportation and affordable financing back to Colorado Springs customers.

Nampa, Idaho: Jim and John Chalfant and their team have opened their second Byrider dealership! The Nampa dealership will expand the opportunity as the consumer’s choice in helping people finance and own a quality vehicle.

Oshkosh, Wisconsin: Mike Darrow and his team have opened their sixth Byrider dealership (in addition to the Fon du Lac location listed above)! The Oshkosh dealership will expand the group’s opportunity as the consumer’s choice in helping people get a fresh opportunity to finance and own a quality vehicle.

How Did They Do It?

Starting a new business is no easy feat, even when that business is a franchise. These entrepreneurs opened their dealerships with the help of our team of franchising experts, who have experience opening new Byrider dealerships across the country. In addition to taking part in our comprehensive training program, the franchisees worked hand-in-hand with our experts to find great locations for their dealerships, stock their new businesses with quality used cars, and spread the word about their grand openings in their communities. Many of our franchisees like Mike Darrow find that this streamlined process is so straightforward, they go on to open multiple locations.

What Does it Take to Get Started?

Our franchisees come from all backgrounds and walks of life. If you’re serious about starting a new business and helping your community thrive, you might just have what it takes to become a franchisee. Many of our franchisees come from backgrounds as corporate professionals. The Byrider investment appeals to them because it has the potential to provide franchisees with more freedom than they enjoy as employees. The initial franchise fee to invest in a Byrider franchise is $50K – a sum that will allow us to offer you the best possible support throughout the process of opening your new business. Because you’ll need to invest in an inventory of used cars as well as grow a portfolio of automotive receivables and access to a line of credit to grow your dealership – visit our website to learn more details about the investment.

Ready to learn more about how you can follow in these franchisees’ footsteps? Contact us today to get started.

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The reference to $1,522,305 above represents the two-year annual average net income from operations during the period between January 1, 2020 and December 31, 2021 (“Traditional Measurement Period”) for the top 25%, or 26 of the 107 franchisee-owned Byrider Traditional stores. 38.4%, or 10 of those 26 Traditional Mature Stores, met or exceeded that two-year annual average. The entire set of 107 Traditional Mature Stores generated a two-year annual average net income from operations of $721,720 during the Traditional Measurement Period. 42.06%, or 45 of the 107 Traditional Mature Stores, met or exceeded that average. More detailed information regarding Traditional Mature Stores, including the average net income from operations for the bottom 25% of the Traditional Mature Stores, can be found in Byrider Franchising, LLC’s Franchise Disclosure Document dated July 6, 2022. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. © Byrider Franchising, LLC. 12802 Hamilton Crossing Blvd., Carmel, Indiana 46032. All Rights Reserved.

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