What Is an FDD, and Why Is It So Important?
What Is a Franchise Disclosure Document and Why Is It So Important?
Becoming part of the Byriderfranchise family is an exciting process, one that involves a series of steps. One of the most important is taking time to review our Franchise Disclosure Document or FDD. An FDD is a comprehensive document that all franchisors must have and that goes over everything you need to know about a brand, including its history and key players. It’s vital that you be well-informed before making any investment, and a careful review of our FDD will help. In fact, many potential franchisees read it with their attorney. Here, we’ll take a closer look at the role an FDD plays and some of the topics it will discuss.
What Does It Cost to Invest?
An FDD has a lot of crucial information, and perhaps the most important is about cost — what does an investment look like when you’re thinking about a Byrider franchise with us? We believe in being fully transparent about that, which is why our FDD clearly lays out your investment. You’ll learn what to expect in the way of start-up costs, including the franchise fee itself. You’ll also learn more about any ongoing fees you’ll be responsible for, including monthly royalty and marketing fees.
It’s important that you have a clear sense of what’s expected of you financially, and our Franchise Disclosure Document will provide you with the information you’ll need to make an educated decision.
What Can You Expect from Us?
The franchisee/franchisor relationship is an ongoing and essential one, which means some of the most important information our FDD will provide you with is just what to expect from us in the way of training and support. It will also outline what kind of marketing and operational resources you can expect when you open a Byrider franchise as you establish and grow your business. Ours is a true partnership that’s critical to the success of the Byrider brand, and our FDD reiterates that.
What’s Expected of You?
Becoming part of the Byrider franchise family means you’ll be in business for yourself but not by yourself. You’ll have lots of opportunities to make important decisions on your own as you grow your dealership — but you’ll also enjoy the security that comes with being part of something bigger than yourself. That security is a result of adhering to certain guidelines and processes that make doing business easier and more efficient. These are laid out clearly in our Franchise Disclosure Document. While you’ll have the freedom to run your dealership the way you’d like, it’s important to adhere to our business model, utilize all our proprietary materials, and stick to the culture of our brand. This kind of consistency helps to distinguish us from our competitors and sets us all up for success.
Our goal is to be as transparent as possible about your investment with us, and our FDD will provide you with information you can use to make an educated decision about whether or not to invest in a Byrider franchise. Remember, too, that we’re always available during the process to answer any questions you might have.
We’re here to answer all your questions about a Byrider investment opportunity, so get in touch today!