What is the principal business address for Budget Rent A Car System, Inc.?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
In this disclosure document, "Budget" means Budget Rent A Car System, Inc., the franchisor. "You" or "Your" means the person awarded a Budget Franchise. If you are a corporation, partnership, limited liability company, or other business entity, certain provisions of the Budget Rent A Car System License Agreement (together with all Exhibits and ancillary agreements, the "Budget License Agreement" or "License Agreement") (Exhibit H) also will apply to your owners under the Nondisclosure and Noncompetition Agreement (Exhibit C to the Budget License Agreement) and Personal Guarantee (Exhibit A to the Budget License Agreement).
Budget incorporated in Delaware on July 26, 2002. Its principal business address is 379 Interpace Parkway, Parsippany, New Jersey 07054. Budget does not do business under any other name. Budget is a wholly owned subsidiary of Avis Budget Car Rental, LLC ("ABCR"), which in turn is a subsidiary of Avis Budget Group, Inc. ("ABG"), formerly known as Cendant Corporation ("Cendant"). Budget's agents for service of process are listed in Exhibit A.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 9–11)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the principal business address for Budget Rent A Car System, Inc. is 379 Interpace Parkway, Parsippany, New Jersey 07054. Budget incorporated in Delaware on July 26, 2002, and operates as a wholly-owned subsidiary of Avis Budget Car Rental, LLC (ABCR), which is itself a subsidiary of Avis Budget Group, Inc. (ABG). Budget does not conduct business under any other name.
It is important to note that Budget's predecessor, Budget Rent A Car Corporation, had a different principal business address at 4225 Naperville Road, Lisle, Illinois 60532. Budget acquired the rights to its proprietary marks and the Rent A Car System from its predecessor on November 22, 2002. Additionally, Avis Rent A Car System, LLC and Payless Car Rental System, Inc., which are affiliates of Budget, share the same principal business address as Budget.
Prospective franchisees should be aware of these relationships and the shared resources among Budget and its affiliates. Understanding the corporate structure and the entities involved can provide a clearer picture of the support system and potential synergies available to a Budget franchisee. This information is crucial for making an informed decision about investing in a Budget franchise.