How did Budget's revenues in 2023 compare to its revenues in 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Americas | $ 9,111 | $ 9,347 | $ 9,474 | |||||
| Europe, Middle East and Africa | 2,045 | 2,014 | 1,927 | |||||
| Asia and Australasia | 633 | 647 | 593 | |||||
| Total revenues | $ 11,789 | $ 12,008 | $ 11,994 |
The following
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Budget's revenues decreased from 2022 to 2023. In 2022, Budget's revenues were $4,701. In 2023, Budget's revenues decreased to $4,478. This represents a decrease of $223 in revenue from 2022 to 2023 for Budget.
It is important to note that these revenue figures reflect the overall performance of the Budget brand and may not be indicative of an individual franchisee's potential earnings. A prospective franchisee's revenue will depend on factors such as location, market conditions, and the franchisee's management skills.
Potential franchisees should carefully consider these figures in conjunction with other information provided in the FDD and their own market research to assess the viability of a Budget franchise. Speaking with existing Budget franchisees can also provide valuable insights into the revenue potential and challenges of operating a franchise.