Budget Rent A Car FDD Summary
Type of Business
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.
Corporate Information
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.
Investment
The total investment necessary to begin operation of a Budget Franchise, assuming that you finance 100% of your rental car fleet, ranges from $575,500 to $1,583,400 for a Budget Franchise with a 30-car fleet and a territory of 55,000 people. This includes the Initial License Purchase Fee of up to $50,000 for a territory with a population of 55,000.