What is the procedure for a Budget franchisee to obtain approval for any change in their location?

According to Budget's 2025 Franchise Disclosure Document, a franchisee must obtain Budget's prior written consent for any change in their location. This requirement is in place to ensure that any relocation aligns with Budget's strategic objectives and does not negatively impact the brand or other franchisees.

This stipulation means that a Budget franchisee cannot independently decide to move their business without first seeking and receiving approval from Budget. This process likely involves submitting a formal request detailing the reasons for the move, the proposed new location, and how the relocation will benefit the franchise and the overall Budget network. Budget will evaluate the request based on various factors, such as market demographics, potential impact on existing franchisees, and the suitability of the new location for Budget's brand image and operational requirements.

It is important to note that Budget also stipulates that a franchisee will not be allowed to relocate their Budget Franchise outside of their licensed territory. This restriction is in place to protect the territorial rights of other franchisees and to maintain a balanced distribution of Budget locations. Franchisees should carefully consider these location restrictions and approval processes before making any decisions about relocating their business. Prospective franchisees should inquire about the specific criteria and procedures Budget uses to evaluate relocation requests to fully understand the requirements and potential challenges involved.