Who updates the population figures used to calculate the Initial License Purchase Fee for Budget?

According to Budget's 2025 Franchise Disclosure Document, the population figures used to calculate the Initial License Purchase Fee are determined by figures reported by the United States Census Bureau and are updated regularly by a consulting company. This fee is not uniform and is based on the population of the territory covered by the Budget License Agreement.

The Initial License Purchase Fee starts at $45,000 for a territory with a population of 50,000 people or under. For each additional 5,000 population increment over 50,000, an additional $5,000 is added to the fee. For example, the FDD notes that the Initial License Purchase Fee is $50,000 based on a population of 55,000.

As a prospective franchisee, it is important to understand how Budget determines the population of your territory, as this directly impacts the initial fee you will pay. You may want to ask Budget for more details about the consulting company they use and how frequently the population figures are updated. Also, Budget reserves the right to adjust the Initial License Purchase Fees based on factors such as the presence of an airport, resort, or level of competition in your territory, so it's important to understand how these factors could affect your fee.