On what page of Budget's consolidated financial statements can I find information about Budget's leasing activities?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note 1 | Basis of Presentation | 13 |
|---|---|---|
| Note 2 | Summary of Significant Accounting Policies | 13 |
| Note 3 | Leases | 22 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, specific information regarding Budget's leasing activities can be found on page 22 of the consolidated financial statements. This is referenced in the index to the consolidated financial statements.
Specifically, Note 3, which is titled 'Leases', starts on page 22. This note likely contains detailed information about the accounting policies, terms, and financial impact of Budget's leasing arrangements. Reviewing this section is crucial for understanding Budget's financial obligations and strategies related to leasing.
Prospective franchisees should carefully examine Note 3 and consult with a financial advisor to fully understand the implications of Budget's leasing activities on the overall financial health and stability of the company. Understanding these details can help franchisees assess the financial risks and opportunities associated with investing in a Budget franchise.