Type of Business
The franchise offered is to operate a used vehicle retail sales and finance business under the name Byrider and CNAC.
Corporate Information
Byrider Franchising Partners, LLC is a Delaware limited liability company, formed on August 5, 2024. On September 5, 2024, Byrider Franchising Partners acquired substantially all the assets of Byrider Franchising, LLC, an Indiana limited liability company and became the franchisor of the Byrider franchise program. Their principal business address is 12802 Hamilton Crossing Blvd., Carmel, Indiana, 46032.
Investment
The total investment necessary to begin operation of a Byrider franchise is $947,000 to $1,577,500, which includes $60,000 that must be paid to the franchisor or its affiliate.
On your request, the franchisor may also allow you to acquire a development area in exchange for committing to acquire multiple franchises (by signing multiple franchise agreements) and to opening a Byrider Business under each franchise agreement in accordance with a development schedule. You will sign an area development agreement, which will attach to the franchise agreement as a rider, and you must commit to developing between one and five additional Byrider businesses (in addition to your first Byrider business). The total investment necessary to enter into an area development agreement rider for the right to develop one to five additional Byrider businesses ranges from $964,500 to $1,677,500, which includes total investment necessary to begin operation of your initial Byrider business and a development fee ranging between $17,500 to $100,000, which must be paid to the franchisor or its affiliate.
