Byrider

Byrider is the nation's largest used car sales and finance franchise! Founded in 1989, Byrider integrates vehicle sales and service with consumer financing to provide the franchisee the greatest control of the business and the ability to sell to any customer they feel is qualified.

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Byrider Franchise Cost and Requirements for 2022

Background

$1,137,571 ANNUAL NET INCOME FROM OPERATIONS *(see item 19 FDD)
ADD BUY HERE PAY HERE to your organization and EARN

Company Details

Established: 1989
First Unit Franchised: 1989
Franchised Units: 112
Company Owned Units: 31
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Idaho - ID, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By Byrider

Financial Assistance Provided: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Cooperative Advertising: Yes
Training:
Designated manager must attend and successfully complete the company's initial training program at least 14 days prior to the opening. Formal/classroom training includes 24 hours sales management, 24 hours finance, 24 hours vehicle service. On line training certification is available via Byrider Franchising's corporate learning management system.

2022 Franchise Requirements Needed to Own a Byrider Franchise.

What does a Byrider Franchise Cost?

Byrider franchise fees for 2022:

Cash Investment: $150,000 to $810,480
Total Investment: $350,000 to $3,727,500
Minimum Net Worth: $500,000
Franchise Fee: $50,000
Royalty: 1% sales and 2.5% receipts/collections or $395.00 per vehicle sold + 3% service department receipts

Ad: $1,500/month
Item 19: Yes
Average Number of Employees: 11-15
Visa Candidates: Yes
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - $10,000 off $50,000 Franchise Fee

Is Byrider a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Byrider is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Byrider a Home Based franchise?

No. Byrider is not a home based franchise opportunity.

What Do Byrider Franchise Owners Make?

Click here to find out how much Byrider franchisees make. Byrider offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Byrider a Master Franchise Opportunity?

No. Byrider is not a master franchise opportunity.

Does Byrider Offer a Veteran Discount?

Yes. Byrider franchise does offer a veteran discount.

Does Byrider Work with E2 Visa and EB-5 Visa Candidates?

Yes. Byrider franchise does work with E2 Visa and EB-5 Visa candidates.

Is Byrider Looking for Franchisees in Canada?

No. Byrider franchise is not looking for Canada franchisees.

Is Byrider Looking for International franchisees?

No. Byrider franchise is not looking for International franchisees.

Additional Information

Additional Categories

Automotive

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Byrider Franchises for Sale

Click Here to inquire about existing Byrider franchises for sale. We may have Byrider franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.