Byrider Franchise FDD, Profits & Costs (2025)
Headquartered in Carmel, Indiana, Byrider has established itself as a leading franchise in the U.S. used car sales and financing sector.
Founded in 1979 by James F. DeVoe in Marion, Indiana, the company has experienced steady growth, expanding its reach over the decades.
Byrider operates under a buy-here-pay-here model, integrating vehicle sales, servicing, and financing within a single business framework. This structure allows franchise owners to have greater control over financial transactions, much like a traditional lender.
Franchising since 1989, Byrider provides its franchise partners with extensive support, covering training, marketing, and daily operations. This well-developed support system ensures consistency and high service standards across all locations, strengthening the brand’s market presence.
With a strong emphasis on customer service and community involvement, Byrider has built a reputation for reliability and transparency. This approach continues to attract both buyers and aspiring franchisees looking for a proven business model in the used car industry.
Initial Investment
How much does it cost to start a Byrider franchise? It costs on average between $947,000 – $1,578,000 to start a Byrider franchised center.
The investment covers expenses such as facility construction, necessary equipment, inventory, and initial operating costs. The total amount varies based on multiple factors, including the business model, geographic location, and whether the franchisee opts to lease or buy the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $60,000 |
| Starter Kit | $0 – $2,500 |
| Rent (3 months) | $30,000 – $60,000 |
| Furniture, Fixtures, and Equipment | $1,500 – $50,000 |
| Service Center Equipment | $2,000 – $70,000 |
| Signs and Awnings | $2,000 – $50,000 |
| Security Deposit for Property and Utilities | $2,000 – $10,000 |
| Opening Inventory of Vehicles | $75,000 – $100,000 |
| Advertising and Grand Opening | $18,500 – $30,000 |
| Technology/Phone/Security Systems | $5,000 – $40,000 |
| Bonds, Licenses, and Business Permits | $1,000 – $5,000 |
| Additional Funds (6 months) | $750,000 – $1,100,000 |
| Total Estimated Initial Investment | $947,000 – $1,577,500 |
Download the Franchise Disclosure Document
Frequently Asked Questions
How many Byrider locations are there?
As of the latest available data, Byrider operates 128 locations across the United States, comprising both company-owned and franchised dealerships.
What is the total investment required to open a Byrider franchise?
The total investment required to open a Byrider franchise ranges from $947,000 to $1,578,000.
What are the ongoing fees for a Byrider franchise?
Byrider franchisees are subject to ongoing fees that support the brand’s operations and marketing efforts. In the first year, the monthly royalty fee is $5,500. From the second year onward, this fee transitions to 1% of gross sales (with a minimum of $7,500) and 1.9% of collections each month.
Additionally, franchisees contribute to marketing through a monthly advertising fee of $1,500, which grants access to comprehensive marketing support, including research-based strategies and a variety of advertising materials.
Who owns Byrider?
Byrider franchise is owned by Byrider Franchising Partners, LLC, a franchisor-only entity formed in September 2024.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. SharpSheets is an independent educational resource and is not affiliated with, endorsed by, or representing any franchisor mentioned on this website. Where noted, figures are taken from the franchisor’s Franchise Disclosure Document (FDD). In some cases, we may provide independent calculations or estimates based on publicly available information. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
