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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$947K - $1.6M
Units as of 2023
134 Decrease 9% over 3 years

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

Industry Automotive
Related Categories Miscellaneous Automotive Products & Services, Auto Rentals & Sales, Miscellaneous Financial Services
Founded 1979
Parent Company Byrider Systems Inc.
Leadership Craig Peters, CEO
Corporate Address 12802 Hamilton Crossing Blvd.
Carmel, IN 46032
Social Facebook, LinkedIn

Business Overview

Franchising Since 1989 (35 years)
# of employees at HQ 422
Where seeking

This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Wisconsin, West Virginia, Wyoming

# of Units 134 (as of 2023)

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 Information Circle
$60,000
Initial Investment Information Circle
$947,000 - $1,577,500
Net Worth Requirement Information Circle
$800,000 - $1,500,000
Cash Requirement Information Circle
$200,000 - $1,500,000
Veteran Incentives Information Circle
$10,000 off franchise fee
Royalty Fee Information Circle
$395/vehicle
Ad Royalty Fee Information Circle
$2.5K/mo.
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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
Ongoing Support
Purchasing Co-ops
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? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 12-20
Are exclusive territories available? Information Circle
Yes
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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 or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022