Does the Budget Franchise Disclosure Document include a list of franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document issued on April 30, 2025 and effective in the franchise registration states on the dates listed in Exhibit A. This disclosure document included the following Exhibits:
- A State Agencies/Agents for Service of Process/State Effective Dates
- B Laws and Regulations Concerning the Car Rental Industry (Including Disclosures Regarding Americans with Disabilities Act)
- C FTC Consent Orders
- D Confidentiality Agreement
- E List of Franchisees
- F List of Former Franchisees and Franchisees Who Have Not Been in Communication with Budget
- G Financial Statements of Avis Budget Group, Inc.
- H Budget Rent A Car System License Agreement, including Nondisclosure and Noncompetition Agreement
- H-1 SBA Addendum
- H-2 General Release
- I Rental System Agreement
- J Intercity Rules and Regulations
- K State-Specific Additional Disclosures and Riders
- L Table of Contents of Manual
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
Yes, according to Budget's 2025 Franchise Disclosure Document, the document includes a list of franchisees. Specifically, Exhibit E to the FDD is entitled "List of Franchisees." Additionally, Exhibit F is entitled "List of Former Franchisees and Franchisees Who Have Not Been in Communication with Budget."
These lists are important for prospective franchisees as they provide contact information for current and former Budget franchisees. This allows potential franchisees to conduct their own due diligence by speaking directly with existing and former franchisees about their experiences with the Budget franchise system.
By reviewing these lists, a prospective franchisee can gain valuable insights into the realities of operating a Budget franchise, including the challenges and rewards, and can make a more informed decision about whether or not to invest in the franchise opportunity.