Does Budget authorize its employees or representatives to make financial performance representations orally or in writing?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Budget does not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. Budget also does not authorize our employees or representatives to make any such representations either orally or in writing. If you are
purchasing an existing outlet, however, Budget may provide you with actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Shari Asarch at (973) 496-3444, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 70–71)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Budget does not authorize its employees or representatives to make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets, either orally or in writing. This means that prospective franchisees should not rely on any financial projections or promises made by Budget employees or representatives.
However, if a prospective franchisee is purchasing an existing Budget outlet, Budget may provide the actual records of that specific outlet. This is a common practice in franchising, as it allows potential buyers to review the financial history of the business they are considering purchasing.
The FDD instructs prospective franchisees to report any unauthorized financial performance information or projections they receive to Budget's management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to protect potential franchisees from misleading or inaccurate information and to ensure that Budget maintains control over the financial information being disseminated about its franchise opportunities.