Byrider Franchising

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Byrider Dealership Franchise

Byrider Reopens Store in Northern Louisiana under New Ownership

By: AutoSuccess Staff Writers

November 8, 2020

Byrider announced it is returning to Monroe, LA, with a new franchise store, which opened Oct. 30. Owned by Earth Auto Sales, the store operates out of the same location as the former Monroe dealership. The building has been updated with interior renovations and features new company branding and signage throughout. The Monroe dealership is Earth Auto Sales’ third store, its first store in Louisiana.

“Throughout our 20-year history operating in nearby Jackson, MS, we have been watching the Monroe community grow and see its potential,” said Gil Elam, operations manager at Byrider Monroe. “As a local business, our goal is to be a partner to the Monroe community to help it thrive, and we’re excited to build that relationship with our future customers.”

The new store features 5,375 square feet and a parking lot that can display up to 40 cars for sale. Additionally, the new location offers low-cost maintenance to Byrider customers at its state-of-the-art service department with four vehicle service bays. The store will open with seven new full-time positions.

Byrider’s recent rebranding includes ongoing business model updates to reflect the company’s continued growth and commitment to customer service. The company is implementing strategic business changes to enhance the customer experience, including an improved website and an optimized purchase process to provide customers with a broader selection of quality used cars including autos, trucks and SUVs. The improved vehicle offerings are viewable at Byrider’s online inventory page where customers can conveniently filter by location. The rebranding also includes a top-to-bottom redesign of the company’s name, logo and messaging.

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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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