Byrider
Direct, along with the traditional Byrider franchise model, provides multiple entry
points into the profitable 30-year franchise system
CARMEL, Ind.
(April 20, 2021)—Byrider, the only buy-here-pay-here used car and finance
franchised dealership in America, today, announced the launch of its new
franchising model, Byrider Direct, adding a new, simpler entry point into its
successful franchising system, with a lower initial investment that focuses
exclusively on sales and service.
“Our team is excited to
offer a new pathway to join in Byrider’s success,” said Byrider
CEO, Craig Peters. “Underwriting
and servicing a portfolio can be a very complex and capital-intensive part of
the buy-here-pay-here business model. Byrider Direct addresses those potential
challenges by allowing new franchisees to focus on retail and gives them a new
access point in line with their experience and comfort level as they invest in
a new partnership with us.”
Alongside Byrider’s popular and profitable traditional model, Byrider Direct
provides franchisees the opportunity to focus solely on the retail side (sales
and service) and still garner strong returns. Byrider Direct requires a lower
capital investment and provides finance and portfolio support that will allow a
new franchisee to truly harness the learned expertise of Byrider’s decades-long
success.
“Byrider Direct is a
leaner, meaner version of the traditional Byrider model, and it comes with
everything a potential franchisee would expect, minus the financing arm,”
said Jack Humbert, Vice President of Franchise Development at Byrider. “We’re engaging new investors with
expanded investment level ranges to provide multiple options of entry to build
a dealership and help consumers get a fresh opportunity to finance and own a
quality vehicle.”
The traditional franchise model continues to be an incredibly strong
performer, requiring an estimated initial investment of around $1 million,
allowing the franchisee full management of all operations, including
underwriting and collection. Exclusive territories are currently available for
both Byrider Direct and Byrider's traditional franchise offering.
About Byrider:
Byrider, one of America’s largest buy-here-pay-here used car dealership and
franchise systems, has sold more than 1.33 million cars at more than 140
locations across the country. Founded in 1989 as J.D. Byrider, the company
recently rebranded and changed its name to Byrider. As part of its commitment
to customer service, Byrider offers high-quality autos, trucks, and SUVs with
on-site financing and features warranties and optional vehicle service plans
with each vehicle sold. Each Byrider store features a state-of-the-art service
department offering low-cost maintenance. Consumers who have been turned down
for traditional bank financing are often able to “Buy, Finance and Drive On”
with Byrider at www.byrider.com.
Media Contact:
Zach Zagar
zzagar@byrider.com
219-405-6742
Franchise Opportunity
Contact:
Jack Humbert
jackh@byrider.com
317-402-2458
www.byriderfranchise.com