Does Budget make any representations about the past financial performance of company-owned outlets?

According to Budget's 2025 Franchise Disclosure 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. This means that Budget does not provide any data or projections regarding the potential revenue, expenses, or profits that a new franchisee might expect to achieve. Similarly, Budget does not disclose any historical financial results from its company-owned or existing franchised locations.

This lack of financial performance representations is a common practice among franchisors, as future financial success can vary significantly based on factors like location, management skills, and local market conditions. However, Budget may provide actual records of an existing outlet if you are purchasing it.

The FDD also states that Budget does not authorize its employees or representatives to make any financial performance representations, either orally or in writing. If a prospective franchisee receives any financial performance information or projections from someone, they should report it to Budget's management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to protect potential franchisees from misleading or unsubstantiated claims.

Prospective franchisees should conduct their own independent financial analysis and due diligence, including market research, cost analysis, and consultation with financial advisors, to determine the potential financial viability of a Budget franchise in their specific circumstances.