Byrider Franchising

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Three Common Questions We Get Asked About Our Used Car Business Opportunity

If you’re thinking about taking advantage of a used car business opportunity, we think that’s a smart move! Ours is a robust industry that is seeing real growth and shows no signs of slowing down, especially as more people look to avoid public transportation these days, and given the potential health risks, rely on their own vehicles to get around. The Byrider brand is a leader in the used car industry, and as such, we answer thousands of questions every year about that industry and how we stand out from the competition. Here, we’ll look at three of the most common questions we get and their answers.

Do I Need Experience in the Industry?

You sure don’t! We’re very proud of the fact that our tried-and-true business model takes a lot of the guesswork out of our used car business opportunity, leaving you free to focus on growth. Our proprietary software helps you manage just about every aspect of running your dealership, our expert marketing team will help you get the word out, and our comprehensive initial training and ongoing support will get you on track toward success and keep you there! We know the Byrider brand depends on the success of each of our franchisees, so we’re there for you every step of the way for as long as you’re part of the Byrider family.

How is Byrider Different from the Competition?

Where do we start? With our three decades in business with unparalleled brand recognition? With our focus on customer service, that has meant an A+ rating with the Better Business Bureau? How about top rankings in the Entrepreneur Franchise 500 and Franchise Times “Top 200?” These are just a few of Byrider’s value propositions that make us a standout used car business opportunity. The fact is, we’re the nation’s leading used car dealership and finance enterprise, and our buy-here-pay-here model gives our franchisees unmatched flexibility and potential for growth.

What Does It Cost to Open a Byrider Dealership?

Honestly, we think ours is one of the most economical investments out there when you factor in everything it gets you. Our initial franchise fee is $50,000 and does not factor in other expenses you’ll need to consider, such as inventory, staffing, real estate, and more. But your initial investment in our used car business opportunity takes into account just about everything you’ll need to get up and running and includes:

  • Our time-tested business model
  • Access to our Franchise Support Team
  • Comprehensive initial training at our center in Carmel, Indiana
  • Use of Discover ™, our proprietary dealership management software
  • Expert marketing and branding strategies
  • And much more!

We know anyone considering a franchise opportunity in our industry probably has many questions, and that’s a good thing because you’ll want to do your research before you decide on which brand to go with. We believe in complete transparency and are always happy to make ourselves available to anyone interested in our used car business opportunity. 

Now might be the perfect time to start your very own used car dealership with Byrider! We’d love to get the ball rolling, so reach out today!

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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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  • About Us
    ▼
    • Meet Team
  • Why Byrider?
  • The Opportunity
    ▼
    • The Process
    • The Models
    • The Investment
  • Available Territories
  • Resources
    ▼
    • FAQs
    • News
    • Tour of a Dealership
  • Learn More
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