There are countless business opportunities in the automobile industry out there, and it’s up to the franchisor to distinguish itself from the rest of the pack, so prospective franchisees can be confident in their investment. When you franchise with Byrider, you’ll be getting a strong brand name behind you, quality training, the ease of our proprietary software, and a strong foothold in our industry with networking opportunities.
Training
Byrider offers a wide variety of training options and opportunities to meet every need. Formal training is conducted at the Byrider Training Center in Carmel, IN, for sales, service, finance, controller, and management personnel. In addition, regional training is carried out at various sites throughout the year. We also offer Byrider Digital University (BDU), an online opportunity designed for personnel with limited time. In addition to these training programs and our extensive operations manuals, we regularly provide expert advice through our franchise consultants and functional experts.
Our Proprietary Discover™ Software System
Our information systems truly set us apart from the competition. Built on more than 25 years of experience, sales of more than 1 million cars, and origination of more than seven billion dollars of retail installment contracts, our proprietary Discover™ Dealer Management System (DMS) fully integrates and automates information gathering from all aspects of the business, including outside sources such as banks and credit bureaus. It allows data to be collected into a centralized warehouse facility where it is verified, sorted, and transmitted to our franchisees as a set of useful management tools and reports.
Discover™ manages every aspect of your business, including accounting, sales, customer relations management, underwriting, service department management, collections management, comparative national car buying reports, overhead cost management, and more. The Automated Risk Evaluator (A.R.E) tool is built into the underwriting module and helps you make accurate, on-the-spot underwriting decisions to improve the performance of your portfolio of contacts.
Byrider contract portfolios average 25 percent charge-off rates (top performance in industry¹). This can equate to hundreds of thousands of dollars per year for each store in extra collections using Discover™ over other used car and finance options. A.R.E. helps you to identify the most profitable potential sales to pursue in your used car franchise. Dealer Management Systems like Discover™ are typically extremely expensive, so franchisees save a great deal of money by investing in a franchise where a DMS is included.
The Brand Advantage
The Byrider brand is often recognized as one of the hot franchises in the country, especially by Success Magazine, and on The American Business Review on PBS. We belong to the International Franchise Association, NIADA, aPRo, and have been honored with rankings in the Entrepreneur Franchise 500 and Franchise Times Top 200. These distinctions really set us apart from other business opportunities in the automotive industry.
The Byrider Purpose and Values statements have helped shaped the brand through focusing on customer satisfaction. Our numbers are among the highest of any business in any category — 95% Sales Satisfaction and 91% Service Satisfaction. Many of our customers are eager to refer us to their families, friends, and co-workers. We currently hold an average 4.2 star system-wide rating between Google, Facebook, and Yelp. We also hold a solid 4.6 star rating on the Consumer Affairs network. Additionally, we received an A+ rating from the Better Business Bureau.
The emotional connection between Byrider, its franchisees, and customers is strong. We help change peoples’ lives. As a result of our program, we have story after story of used-vehicle customers who were able to improve their credit, which allowed them to eventually purchase a new car, qualify for a mortgage, get a college education, and even take vacations.
Another benefit of an established brand is that when it comes to getting our name out there, we know what we’re doing. We provide comprehensive marketing and advertising support for all of our used vehicle franchisees. This includes a package of pre-produced materials such as TV, print, and internet ads, as well as in-store branding and marketing materials that promote sales, financing, and service.
You do not need to spend additional funds creating original materials for your market. The Byrider Advertising Group, Inc. has produced a complete library of materials that simultaneously promote the brand and drive traffic to your dealership.
Networking Opportunities
Byrider franchisees meet three times each year. In addition to our annual convention in November, franchisees gather in both early spring and late summer for a 20 group meeting. The annual convention features an update on the state of the company, an opportunity to participate in a variety of instructional seminars, team building, and a chance to network with fellow dealers. The spring and summer meetings address new information, procedures, and systems provided by Byrider Franchising. They also serve as forums for policy development for the Dealer’s Association, and the sharing of ideas for process improvement and profit maximization.
If you’re still wondering, why Byrider is one of the premier business opportunities in the automobile industry, check out what some of our current franchisees have to say. We’ve worked with franchisees from a wide range of backgrounds, many of whom had never before held a position in the auto industry before. Regardless of background or level of experience, Byrider franchisees are set up for success, and that is reflected in their glowing endorsements of the opportunity. Visit our Testimonials page to hear what they have to say, or check out these videos for more information on why other franchisees have chosen Byrider as their next big career move.
