Rank no.221 – J.D. Byrider – US
Products & Services: Used vehicle sales & financing
Number of Locations: 149
Total Investment: $675.47K – 5.28M
Began Franchising: 1989
About J.D. Byrider
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 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 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.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, North Dakota, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Total Investment: $675,480 – $5,277,500
Franchise Fee: $50,000
Ongoing Royalty Fee: 2.5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $1,000,000
Liquid Cash Available: $1,000,000
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15 – 20. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee’s location: Varies. Web-based curriculum
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks,
Franchise Ranking History
Franchise 500®: #221 (2013), #221 (2012), #383 (2011), #407 (2010), #352 (2009),
WHY J.D. BYRIDER IS THE WAY TO GO
At J.D. Byrider, we buy better vehicles to begin with, but it doesn’t stop there. Each and every one of our vehicles undergoes a comprehensive inspection, covering at least 90 items… sometimes more. Then, based on this inspection, we put each vehicle through an extensive reconditioning process.
In addition, all vehicles come with a clean, non-branded title backed by CARFAX® or Experian® at no extra charge.
J.D. Byrider Reconditioning Process
We buy only the best used vehicles.
Our comprehensive inspection covers up to 115 items.
On average, we put over $1,000 in parts and labor into the reconditioning process.
Included with Each J.D. Byrider Vehicle
Comprehensive Inspection and thorough reconditioning for safety and dependability
Low-cost oil changes
Preferred service pricing on parts and labor (usually the lowest price in the neighborhood)
*See individual participating J.D. Byrider dealership for details regarding the warranties and/or extended service agreements applicable to you.
Better Car Care
When you drive away in your new J.D. Byrider vehicle, it’s only the beginning of our commitment to providing you with expert service. Our service departments are dedicated to servicing J.D. Byrider customers only, and work is performed by skilled, trained technicians, most of whom are ASE Certified. Plus, we make caring for your car affordable—our labor rates are often among the lowest in the neighborhood, and we offer low prices on quality parts.
At J.D. Byrider, we try to find you a vehicle that not only fits your needs, but also fits your budget. That’s why we’ll work together in a relaxed, one-to-one setting to try to get you a payment plan you can afford.
In 1979, the founder of J.D. Byrider, the late James F. DeVoe Sr., opened a used car and special finance department at his Chevrolet-Cadillac dealership in Marion, Indiana. As with his original dealership, his goal was to do business the right way—the family way—by putting customers first.
This customer focus led Jim to recognize that working people with credit challenges were being underserved. To serve this growing market, and with an unwavering commitment to customer care, J.D. Byrider was founded in 1989 with the sale of its first franchise.
Founded in 1989
145 J.D. Byrider Dealerships
Nearly 1,000,000 Vehicles Sold
95% Customer Satisfaction Rate
Where to Find Us:
J.D. Byrider Corporate Headquarters
12802 Hamilton Crossing Blvd.
Carmel, Indiana 46032
How Are We Doing?
Let us know by sharing your feedback.
Source: 2013 Byrider Franchising, LLC official website