Our Year in Review
Our Year in Review: Byrider Opportunities in the Automotive Industry Saw Real Growth in 2021!
As 2021 comes to a close, the Byrider brand has a lot to be thankful for, proud of, and excited about. Ours is one of the best opportunities in the automotive industry, and it was a busy year for us. We opened new dealership locations, introduced a leaner, meaner business model, and received some important recognition, among other highlights. Here’s a brief overview of some of Byrider’s2021’s achievements.
Our New Business Model
We believe in the value of business ownership and have always been proud of the fact that Byrideropportunities in the automotive franchise industry are some of the easiest for investors to take advantage of, thanks to our comprehensive training and support. But this year, we made it even easier for people to join our brand family by creating the Byrider Direct program.
Byrider Direct keeps things simple by offering franchisees the chance to acquire, recondition, sell and service inventory while leaving the financing to our corporate team. This option is a terrific opportunity for investors who are looking for a more economical entry point because it means:
- A smaller investment: You’ll need approximately $350,000 to invest in and grow your Byrider Direct dealership, representing a more affordable entry point.
- Simplicity: Your dealership will be easier to operate because you’ll only be focused on sales and service.
- Faster growth: Your dealership will require less staff, which in turn can mean faster growth.
- Lower risk: Because you won’t be involved in your financial risk will be lower.
Now Byrider franchise ownership is more easily attained and potentially faster to grow! It’s a 2021 achievement we’re especially proud of.
Our New Veterans Program
At Byrider, we’ve always valued the contributions made by our service members, and many of them get back into civilian life as franchisees because the skills they’ve developed while in the service lend themselves well to franchise ownership. We wanted more of them to do sowithByrider, so this year we created a veterans investment opportunity that allows active or honorably discharged service members the chance to open a dealership at a reduced rate. We’ve lowered our initial franchise fee to $40,000, making Byriderfranchise ownership an especially smart move for our veteran neighbors and friends.
Our New Locations
Each year, Byrider continues to grow our brand and become a valuable resource in more and more communities across the country, and this year was no different. We welcomed six new dealerships to the Byrider family in 2021, including our very first location in the state of Georgia — and we’re excited to look ahead! We’re currently searching for property in 10 new markets to continue our growth in 2022 and are always working hard to expand our footprint to serve more cities, more towns, and more states.
This year Byrideronce again made The Franchise Times Top 400 list, ranking at #102, and was recognized as a top franchise choice. The Franchise Times Top 400 is the most comprehensive annual ranking of the 400 largest franchise systems in the U.S. and is backed by 20 years of research. Each year investigators and reporters engage in a five-month process to collect, verify and analyze the numbers, including five-year sales history graphs and global systemwide sales. Investors can then use their findings to make educated and vetted choices about which brands to partner with, and Byrider is extremely proud to be among such an elite group.
As you can see, 2021 was a busy year for the Byrider brand, and 2022 is shaping up to be the same. Why not join us?
Byrideropportunities in the automotive industry are some of the very best available. To find out more, get in touch today