Byrider
Cherry Franchise Broker
Total investment:
$ 825,480
Franchise fee:
$ 50,000
Royalty fee:
2.50%
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded:
Franchise since: 1989
Company owned units:
Franchise owned units: 120
Total number of units:
Number of employees per unit: 12-20
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEByrider 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.
On-The-Job Training: As needed
Classroom Training: 72+ hours
Additional Training: Web-based curriculum
Net-worth Requirement: $1,000,000 – $1,500,000
Liquid Cash Requirement: $1,000,000 – $1,500,000; Ad Royalty Fee: $1.5K/mo.
Cherry Franchise Broker
Languages: 
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