Budget Rent A Car
A Budget Franchise rents automobiles without drivers to the general public for periods of 180 days or less and may offer related car rental services and products such as optional insurance services, loss damage waivers, refueling services, child seats, navigational devices, portable XM radios, and tire chains.
Your franchise match score
Automotive
Brand highlights
- CEOJoe Ferraro
- Headquarters6 Sylvan Way, Parsippany, NJ, 07054
- Year founded2002
- Year started franchising1960
- IndustryAutomotive
- Locations open1328 (-6 last three years)
Statistics & metrics
- Investment range$575,500 - $1,588,400
- Franchise fee$25,000
- Royalty7.5% of the Gross Revenue(2) of your Budget Franchise for the preceding month
- Brand fund
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Automotive industry:
The automotive industry offers a wide range of franchise opportunities, from repair and maintenance shops to car washes and dealerships. This sector is known for its steady demand and resilience, making it a popular choice for aspiring business owners.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-04-29
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Budget Rent A Car, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Budget Rent A Car's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Budget Rent A Car, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Budget Rent A Car franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Budget Rent A Car provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 1328 |
| Franchise locations | 204 |
| Corporate locations | 1124 |
System growth over time
FAQs
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