Byrider and CNAC (CarNow Acceptance Company) – 2020 Franchise Disclosure Document (FDD)

This is the 2020 Byrider and CNAC (CarNow Acceptance Company) Franchise Disclosure Document (FDD). It is a PDF document available for immediate download upon purchase.

“The franchise offered is to operate a used vehicle retail sales and finance business under the name Byrider and CarNow Acceptance Co. (“CNAC”). The estimated total investment necessary to begin operation of a Byrider Business ranges from $825,480 to $3,727,500 depending upon whether assets are leased or purchased. This includes approximately $57,000 to $112,500 that must be paid to the franchisor or its affiliate. This Disclosure Document summarizes certain provisions of your Franchise Agreeme …”
-Byrider and CNAC (CarNow Acceptance Company) FDD, Aug 2020

What is in the Byrider and CNAC (CarNow Acceptance Company) 2020 Franchise Disclosure Document (FDD)?
The United States Federal Trade Commission requires all franchisors who sell franchises in the USA to compile an FDD each year which covers 23 key items of disclosure about the franchise opportunity. The FDD is written in a federally mandated format that is standardized for all franchises, must be presented in easily understood language, and typically is 100+ pages in length. This document is required to be given to a prospective franchisee before the franchise agreement is signed or any money changes hands. This document is extremely useful to anyone who is researching the history, inner workings, and other critical information and disclosures about the franchise system.

Table of Contents - Byrider and CNAC (CarNow Acceptance Company) – 2020 Franchise Disclosure Document (FDD)

Cover Page
Table Of Contents
Disclosure Items 1-23

Item 1: The Franchisor, Its Predecessors, and Affiliates

Item 2: Business Experience

Item 3: Litigation

Item 4: Bankruptcy

Item 5: Initial Franchise Fee

Item 6: Other Fees

Item 7: Initial Investment

Item 8: Restrictions on Sources of Products and Services

Item 9: Franchisee's Obligations

Item 10: Financing

Item 11: Franchisor's Obligations

Item 12: Territory

Item 13: Trademarks

Item 14: Patents, Copyrights, and Proprietary Information

Item 15: Obligation to Participate in and the Actual Operation of the Franchise Business

Item 16: Restrictions on What the Franchisee May Sell

Item 17: Renewal, Termination, Transfer, and Dispute Resolution

Item 18: Public Figures

Item 19: Earnings Claims

Item 20: List of Outlets

Item 21: Financial Statements

Item 22: Contracts

Item 23: Receipt