Where can I find information about Budget's acquisitions in the financial statements?

According to Budget's 2025 Franchise Disclosure Document, details regarding the company's business acquisitions can be found within the notes to the consolidated financial statements. Specifically, Note 6, titled "Acquisitions," contains relevant information about these transactions. The operating results of the acquired businesses are included in the consolidated financial statements from the dates Budget acquired them.

To locate this information, a prospective Budget franchisee should refer to Exhibit G of the FDD, which includes the audited consolidated balance sheets of Avis Budget Group, Inc. and the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows, along with the associated notes. Note 6 within these financial statements will provide details about any business acquisitions undertaken by Budget.

By reviewing Note 6, potential franchisees can gain insights into the nature, scope, and financial impact of Budget's acquisitions, which can be valuable for understanding the company's growth strategy and overall financial health. This information can help franchisees assess the potential risks and opportunities associated with investing in a Budget franchise.