Byrider

Byrider

Used-auto sales and financing
Find out what franchise is right for you
Units as of 2019
150 Previous years N/A
-10.7%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$825K - $3.7M

Company Overview

Founded in 1989, Byrider is a used car and finance company. The franchise integrates vehicle sales and financing, allowing franchisees the ability to sell to any qualified customer.

About Byrider

Founded
1979
Parent Company
Byrider Systems Inc.
Leadership
Craig Peters, CEO

Franchising Overview

Franchising Since
1989 (32 years)
# of employees at HQ
422
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
150 (as of 2019)

Franchisor Information

Social
Facebook
Corporate Address
12802 Hamilton Crossing Blvd.
Carmel, IN 46032

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Byrider franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$50,000
Initial Investment
$825,480 - $3,727,500
Net Worth Requirement
$1,000,000 - $1,500,000
Cash Requirement
$1,000,000 - $1,500,000
Royalty Fee
2.5%
Ad Royalty Fee
$1.5K/mo.
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Byrider has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
As needed
Classroom Training
72+ hours
Additional Training
Web-based curriculum
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
12
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Byrider landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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