Most Budget Rent Car shops are company-owned and operated. However, franchises are available and the franchise sector is growing within the corporation. Budget Rent a Car has undergone several ownership changes in its history, most recently being acquired by the Avis Budget Group, which includes Avis Rent A Car as well as Budget. The company’s annual revenue is more than $2.2 billion.

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Budget Rent-a-Car Franchise Opportunities – History

The Budget Rent a Car franchise was founded in Los Angeles in 1958 by Morris Mirkin, who opened a small car rental shop with ten cars, undercutting the rates of other rental companies. By 1960, Mirkin established Budget Rent a Car Corporation and was expanding with franchisee-owned rental shops, becoming largely a franchise-operated company. In the 1980s, Budget began to convert franchises to company ownership and experienced difficult times. The corporation ownership changed in 1986 in a leveraged buyout by the investment firm Gibbons, Green, and van Amerongen Ltd. Another buyout followed in 1997, and the company was sold in 2002, to Cendant Corporation, which also owned Avis. Cendant renamed itself Avis Budget Group in 2006.

How Much Does Budget Rent-a-Car Franchise Franchise Cost?

The franchise fee to become a Budget Rent a Car franchisee is $20,000. The total investment to own a Budget Rent a Car franchise is between $166,000 and $451,000.

Budget Rent-a-Car Franchise Business Opportunities: Other Information

In 2011, television actress Wendie Malick, of the show Hot in Cleveland, became the spokesperson for Budget in several television and online ads.