What is the monthly Wizard Administrative Reporting Service Fee for a Budget franchise, and how is it calculated?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
e | $0.31 per Transaction | | Wizard Connection Start Fee | $320.00 per workstation | | Name of Fee | Amount | Due Date | Remarks | |------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Wizard Administrative Reporting Service Fees | $150.00 per month plus $0.22 times the total value of the Club Billing transactions (with a minimum monthly Club Billing charge of $55.00). | 45 days from the date of the Licensee Settlement Statement also referred to as Composite Statement | This fee covers the reports required for the Licensee's use of Wizard as set forth in Sched
Source: Item 6 — OTHER FEES(1) (FDD pages 17–29)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the Wizard Administrative Reporting Service Fee is $150.00 per month, plus an additional charge of $0.22 for each dollar of Club Billing transactions. There is also a minimum monthly Club Billing charge of $55.00. This fee is due 45 days from the date of the Licensee Settlement Statement, also referred to as the Composite Statement.
This fee covers the reports required for the Licensee's use of Wizard as detailed in Schedule E of the Rental System Agreement, which is the Administrative Services Addendum. The Wizard system is critical for managing various aspects of the Budget franchise, so understanding these fees is essential for budgeting and financial planning.
For a prospective Budget franchisee, this means that the monthly Wizard Administrative Reporting Service Fee will vary depending on the volume of Club Billing transactions. Even if the transaction volume is low, the minimum monthly charge of $55.00 still applies. It is important to factor in this ongoing expense when evaluating the potential profitability of a Budget franchise. Franchisees should review Schedule E of the Rental System Agreement to fully understand the reports covered by this fee and how they can be used to manage their business effectively.