A Budget Franchise is a business of renting automobiles, without drivers, to the general public, for periods of 180 days or less under the Budget Trademarks
Company Background
Budget is a company that provides rental cars without drivers. Budget was founded in 1958 and has over 600 locations around the world providing rentals to customers for short periods of time. The company's goal is to give people access to transportation when they need it, at the lowest possible price.
Franchise Opportunity
Owning a car can be expensive, especially if you don't use it often. According to AAA, the average cost of owning and operating a vehicle is $8,558 per year. This number includes the costs of depreciation, fuel, maintenance, repairs, and insurance. Renting a car from Budget can help you save money on transportation costs. We have a variety of rental options available, including cars, trucks, and vans. Plus, our rates are affordable and our rentals come with unlimited miles.
Corporate Structure
Budget Rent A Car System, Inc. incorporated in Delaware on July 26, 2002. Its principal business address is 6 Sylvan Way, Parsippany, New Jersey 07054. Budget is a wholly owned subsidiary of Avis Budget Car Rental, LLC, which in turn is a subsidiary of Avis Budget Group, Inc., formerly known as Cendant Corporation.
Royalties and Marketing Fees
Royalties : 7.5% of revenue
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 9% in the Automotive industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
#
Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Budget Franchisees
Budget Franchise System Development in 2021
FAQ
How much investment do I need to start my own Budget business?
Franchisees typically require at least
$575,500 to
$1,588,400 investment to get their
Budget business started
What are the initial franchise fees for Budget?
Franchisees typically need to pay at least
$50,000 in fees directly to
Budget in order to earn the right to launch their business
How much money can I make with a Budget franchise? What are
the average revenues for a typical Budget business?
We haven’t done the math on how much revenue a typical
Budget brings in each year. We estimate that other
franchisees in the Auto & Travel industry generate
$0 revenue, so we would expect
Budget to generate a similar amount
How long do I need to commit to running a Budget unit? What
is my contractual commitment?
Budget franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
4 /10
The Franchisor's investment costs ranges from
$575,500 to $1,588,400
which is
Much Lower
than the $541,373 to $2,403,194 average in the Automotive industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
Franchises in the Same Industry
Popular Franchises
Is this your Franchise?
Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today
Franchisor name
Industry
Number of Franchise Units
Franchising Status
Initial Investment (Min)
Initial Investment (Max)
Franchisee Fee (Min)
Franchisee Fee (Max)
Number of Lawsuits
Number of Director Bankruptcies
Year Founded
Contact Method
US State
Year Updated
