Byrider maintains relationships with numerous national and regional leaders in order to attract capital to our business which benefits our franchisees. Ultimately, you will need a credit line of approximately 5,000,000 dollars when your portfolio of receivables reaches maturity — normally a three-year time frame.
The Franchise Disclosure Document provides detailed information regarding the fees, contractual relationships with Byrider Franchising, Inc., and the corporately-owned units profit experience. Please refer to that information for a more detailed understanding of the franchise offering and business model.
The initial franchise fee is 50,000 dollars, with 35,000 dollars required for each additional franchise purchased. However, there are many other costs associated with acquiring a suitable location, such as hiring employees, and properly funding your business. As such, the capitalization needed from a new franchisee can easily reach 1 million dollars.
“As a new car dealer, it was great to have Byrider share their proprietary technology and best practices. The support is fantastic.” ~Aaron Zeigler, multi-unit franchise owner, Michigan/Illinois