J.D. Byrider

Founded: 1979 Franchising since: 1989
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.

12802 Hamilton Crossing Blvd. Carmel, Indiana 46032

Phone: (317)249-3000 Franchisee Association J.D. Byrider Dealer Association

Franchisor is a privately-held company with 200 employee(s); 116 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	117	0	0	13
2008	117	0	0	14
2007	117	0	0	14
2006	126	0	0	13
2005	123	0	0	13

Where Seeking Franchisees
In the U.S. 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, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Varies

Total investment: $671.9K-5.2M Franchise fee: $50K

Ongoing royalty fee: 2.5% Term of agreement: 10 years, renewable

Type of Financing Available

	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

Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $1M
Business Experience:

• General business experience

Operations

• 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)

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

Marketing Support

• Ad slicks

Franchise 500® rank:
#352 (2009); #447 (2008);