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Updated RecentlyJ.D. Byrider Systems Franchise
Used car sales
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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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 Unit Costs
- Initial Investment:
$349,750-$672,500 - Initial Franchise Fee:
$50,000 - Royalty Fee:
2.5% - Advertising Fee:
$1.5K/mo. - Term of Agreement:
10 years
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J.D. Byrider adds two franchise consultants to team
J.D. Byrider, the nation's leading used car and finance company, is pleased to announce the hiring of Tim Bullock and Lewis Scott and as franchise consultants for J.D. Byrider Systems, Inc. Scott and Bullock, both currently employed in other roles within the company, will now be responsible for supp...
J.D. Byrider opens franchise in Pensacola
Pensacola-area residents have another option for purchasing used cars now that a new J.D. Byrider dealership is open at 707 N. New Warrington Road. The new location is the 10th J.D. Byrider dealership in Florida, and it is the fourth dealership for longtime franchisees Steve and Jeanne Locklear.
...
J.D. Byrider opens second franchise in Richmond
J.D. Byrider, the nation's leading used car sales franchise, has opened a second dealership in Richmond at 4505 W. Broad St. The new location is the sixth J.D. Byrider dealership in Virginia, and it is the second Virginia dealership for franchisee Craig Baker. Baker opened Richmond's first J.D. Byri...
J.D. Byrider brings first franchise to New Jersey
Old Bridge-area residents have another option for purchasing used cars now that a new J.D. Byrider dealership is open at 1225 Route 9 North. The new location is the first J.D. Byrider dealership in New Jersey, and it is the first dealership for new franchisee Jay Brichke.
"I look forward to bring...
J. D. Byrider Adds Franchise-industry Veteran Greg Tanner To Its Team
J.D. Byrider Systems, Inc., is pleased to announce Greg Tanner, co-founder of the Tanner Franchise Group, Inc., has joined the company as an advisor. Tanner, who recently retired after nearly 13 years as the national director-franchising for Aaron's, Inc., will work closely with J.D. Byrider's exec...
J.D. Byrider Systems News & Press Releases
When did J.D. Byrider Systems start Franchising? 1989
United States: Nationwide
International: Canada,
| 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
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)
Business Experience:
To calculate how much income a franchise owner can do at J.D. Byrider Systems Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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J.D. Byrider Systems
J.D. Byrider Systems Inc.
12802 Hamilton Crossing Blvd.
Carmel,
IN
46032