Budget Rent A Car
We provide vehicle rental services to business and leisure customers under the Budget name, renting automobiles without drivers for periods of 180 days or less. Our locations also offer related rental products and services such as loss damage waivers, optional insurance, refueling service, child seats, navigational devices, portable XM radios, and tire chains. We serve individual travelers and corporate customers through a network of Budget-branded rental locations and a centralized reservations system. We also participate in corporate rate programs that give qualifying business customers special rates and benefits.
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
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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. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Budget Rent A Car franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Budget Rent A Car franchise, including royalties, marketing contributions, and other required payments. | |
| 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. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Budget Rent A Car. | |
| 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
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