Pioneering Auto Finance: Byrider's $597K Profit Story

Byrider is the leading car dealership with a Buy Here, Pay Here (BHPH) financing model. Jim DeVoe Sr., the founder, invented the innovative financing system for used vehicles in 1989 in response to the perfect storm of the S&L crisis, oil embargo, and interest rate spikes.

Today, Byrider is the nation’s leading used car and finance franchise, serving more than 1.2 million customers. The locations boast an average $597K in annual net operating income. Byrider is an issuer of subprime auto loans. Byrider was acquired by Altamount, a PE firm, in 2011.

Here is a visual illustration of how Byrider has grown to 120+ locations:
Byrider Locations over time

This opportunity requires an investment of about $0.8M to $1.4M and could yield a business with an annual operating income of $1.4M+. The range in startup costs largely depends on whether the assets are leased or purchased.

Here is a breakdown of the revenue and profit from the 2024 FDD:

Here is a breakdown of the startup costs from the 2024 FDD:

Dealership Count over time:

Number of cars sold by month in each dealership:

Consumer Review Ratings or Dealerships (out of 5):

To explore this franchise opportunity, learn more here: Byrider