Byrider is the nation’s leading used car franchise and finance enterprise. The company integrates vehicle sales and financing because these provide the franchisee with the greatest control of their business as well as the ability to sell to any customer they choose. It was founded by owner of a Chevrolet-Cadillac dealership in Marion, Indiana, James F. DeVoe in 1989.
Byrider has the franchise fee of up to $50,000, with total initial investment range of $825,480 to $3,727,500.
Initial Investment: $825,480 - $3,727,500
Net-worth Requirement: $1,000,000 - $1,500,000
Liquid Cash Requirement: $1,000,000 - $1,500,000
Initial Franchise Fee: $50,000
Ongoing Royalty Fee: 2.5%
Ad Royalty Fee: $1.5K/mo.
On-The-Job Training: As needed
Classroom Training: 72+ hours
Additional Training: Web-based curriculum
Number of Employees Required to Run: 12 - 20
Byrider Franchise Info: https://www.byriderfranchise.com/
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