Byrider Franchise
Join a leading BHPH dealership franchise helping customers rebuild credit while owners scale a repeatable, cash-flow focused business.
$1,000,000
$60,000
131
1989
Carmel,IN
Mike Onda
About Byrider Franchise
Founded in 1989, Byrider is a leading used car and finance franchise in the United States, with more than 100 locations nationwide. The Byrider model integrates vehicle sales, in-house financing, and service, giving franchisees greater operational control and the ability to serve customers traditional lenders often overlook.
Built on time-tested systems and disciplined underwriting, Byrider offers franchisees flexibility, scalability, and multiple paths for growth within a resilient automotive segment. As a franchise owner, you provide a vital service to your community while operating in an underserved market with significant upside.
Franchise Unit Trends & Revenue
131
2
$6,857,767
* in 2022
Franchise Fees
$60,000
Veteran's Fee: $50,000
2.5%
Gross Receipts
$2,450
Fixed Fee
Why Choose Byrider Franchise?
One of the most compelling aspects of the Byrider franchise opportunity is its flexibility and scalability through our turnkey BHPH business model. Our vertically integrated model combines vehicle sales, centralized underwriting through CNAC, and in-house service operations giving franchisees greater control, consistency, and margin visibility. Some franchisees choose to be hands-on operators involved in day-to-day dealership management, while others operate as semi-absentee owners with operating partners running the day to day. As experience and confidence grow, many franchisees expand into multi-unit ownership, leveraging Byrider’s systems to scale efficiently.
Regardless of ownership style, Byrider provides the structure, support, and infrastructure to align with your goals.
Comprehensive Training: Byrider offers a robust blend of in-person, onsite, and online training, ensuring franchisees and their teams are fully equipped with the operational, financial, and compliance tools needed to run the business effectively.
Proven Technology Platform: Franchisees benefit from Byrider’s ongoing investment in technology, including systems designed to support underwriting, servicing, reporting, and operational efficiency across the dealership.
Ownership Flexibility: Whether you prefer to actively manage your dealership or oversee operations from a distance, Byrider’s model and support structure are built to accommodate multiple ownership profiles. We can talk through what these ownership structures look like and the best practices to layer your ownership accordingly.
Established Brand Advantage: Byrider franchisees leverage a nationally recognized brand and a full library of professionally developed marketing and advertising materials. These resources help drive traffic and build trust in local markets without requiring franchisees to independently fund or create brand assets.
Starting Costs & Investment Requirements
$947,000 - $1,577,500
$3,000,000
$1,000,000
Training & Support
When you franchise with Byrider, you are supported by dedicated Executive Franchise Consultants who are seasoned professionals averaging more than 18 years of Byrider experience and have direct, in-store operational backgrounds. Your consultant serves as a long-term partner, guiding you through both the launch and ongoing operation of your dealership.
Dedicated Franchise Support Includes:
- Recruiting and staff development
- Training and onboarding
- Compliance and legal guidance
- Systems and IT support
- Marketing strategy and execution
- National vendor partnerships
- Dealer-specific operational solutions
- Peer collaboration and franchisee network access
Franchise consultants provide on-site support before opening, during launch, and post-opening, ensuring each dealership is positioned for a smooth start and sustainable operations.
History
The idea behind Byrider was first conceived in Marion, Indiana, in 1979 by founder Jim DeVoe Sr. Created during a period of high interest rates and tightening credit, the concept addressed a critical need: providing reliable transportation to hardworking consumers who were unable to qualify for traditional bank financing.
To meet this need, Jim developed a dealership model that combined quality used vehicles with in-house financing, allowing customers to buy and finance a vehicle in one location. This integrated approach enabled Byrider to compete effectively in the buy-here-pay-here segment while delivering meaningful impact within local communities.
As the model matured, Byrider expanded into franchising, opening its first location in 1989 and growing into a nationally recognized system.
In 2024, Byrider entered a new chapter when a group of six long-tenured franchisees acquired the brand from and formed a franchisee-led board. Today, Byrider is owned and governed by franchisees, ensuring that strategic decisions are made by operators who understand the business at the store level and are directly invested in the long-term success of the system.
This franchisee-first structure reinforces Byrider’s commitment to disciplined operations, shared accountability, and a mission centered on helping customers Buy, Finance, and Drive On®, even when traditional lenders say no.
Ideal Candidate
The ideal Byrider franchisee is a disciplined operator or investor who values structured systems, customer impact, and long-term business ownership.
Successful candidates often bring one or more of the following backgrounds or skill sets:
- Experience owning or operating a business, particularly in automotive retail, finance, collections, or service-based industries
- Strong people management skills with the ability to recruit, train, and lead a team
- Financial discipline and comfort reviewing performance metrics, underwriting guidelines, and operating reports
- A customer-first mindset with the ability to serve an underserved credit market professionally and ethically
- Willingness to follow a proven system, processes, and compliance standards
- Interest in building a scalable, repeatable business, including the potential for multi-unit ownership over time
Above all, successful franchisees are committed to running the business the right way by balancing strong unit economics with the responsibility that comes from helping customers rebuild credit and access reliable transportation.