J.D. Byrider Systems Franchise

Used car sales

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Owner of a Chevrolet-Cadillac dealership in Marion, Indiana, James F. DeVoe learned how profitable used cars could be when he added a used car dealership to his operation in 1979. With a $19 ad in the local paper, DeVoe sold eight cars the first week for a gross profit of $1,000 each. Ten years later, DeVoe founded J.D. Byrider (http://www.jdbyrider.com/) in 1989 to deliver dependable used cars and affordable financing. Indianapolis-based J.D. Byrider specializes in 5- to 10-year-old cars sold for an average of $7,000. The target customer is a blue-collar worker with a blemished or limited credit history, a segment that has grown with the rise of personal bankruptcies. Unlike most dealerships, where customers pick a car and then figure out how to finance it, J.D. Byrider reverses the process: Credit counselors guide customers toward vehicles within their price range. Every J.D. Byrider franchise (http://www.jdbyrider.com/) is two companies working together: a used car sales company, J.D. Byrider, and a sub-prime auto finance company, the CarNow Acceptance Co. (CNAC). Both are independently owned and operated by franchisees.

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$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of J.D. Byrider Systems, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official J.D. Byrider Systems website.

How much does it cost to open a J.D. Byrider Systems Franchise ?

The investment required to open a J.D. Byrider Systems Franchise is between $349,750 - $672,500 . There is an initial franchise fee of $50,000 which grants you the license to run a business under the J.D. Byrider Systems name.

Individual Franchise Costs

  • Initial Investment:
    $349,750 -
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    2.50%
  • Advertising Fee:
    $1.5K/mo.
  • Term of Agreement:
    10 years

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Third Party Financing Source(s):
AFC Corp.

Training
On-The-Job Training: Varies Classroom Training: Varies Additional Training: Web-based curriculum

Support
Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software

Marketing
Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app

J.D. Byrider Systems Growth History

When did the first J.D. Byrider Systems open? 1979
When did J.D. Byrider Systems start Franchising ? 1989

40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. (28% of current franchisees are owner/operators)

General business experience

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Canada,



How much does a J.D. Byrider Systems Franchise owner make?

How much money you could make as a J.D. Byrider Systems Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a J.D. Byrider Systems Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$50,000 - $672,500
Initial Franchise Fee
$50,000
Royalty Fee
2.50%
Advertising Fee
$1.5K/mo.
Term of Agreement
10 years
J.D. Byrider Systems Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for J.D. Byrider Systems and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a J.D. Byrider Systems franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.