Does Budget own or lease the locations at which Budget Franchises operate?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
In approving the location(s) for your Budget Franchise, Budget's Licensee Relations Department will consult with and assist you, but Budget does not own or lease the locations at which Budget Franchises operate.
When determining whether to approve a location for your Budget Franchise, Budget will consider factors such as traffic count, demographics, rent, suitability for use as a Budget Franchise, exposure, parking, and proximity to the central business district.
Budget usually approves or disapproves of your selection within two weeks.
You may not open a location for your Budget Franchise without Budget's approval (the Budget License Agreement, paragraph 8.3).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–61)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Budget does not own or lease the locations where Budget franchises operate. However, Budget's Licensee Relations Department will consult with and assist franchisees in approving locations.
When choosing a location, Budget will consider factors such as traffic count, demographics, rent, suitability for a Budget franchise, exposure, parking, and proximity to the central business district. Franchisees must have their location approved by Budget, and Budget typically makes a decision within two weeks.
This means that prospective Budget franchisees are responsible for finding and securing their own locations, which can involve significant time and effort in market research, negotiation, and leasehold improvements. Franchisees should carefully consider these factors and associated costs when evaluating a Budget franchise opportunity.