How many Budget franchise transfers occurred in New Jersey during 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| New Jersey | 2022 | 25 |
| 2023 | 0 | |
| 2024 | 0 | |
| Montana | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 7 | |
| South Dakota | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Wyoming | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 2 | |
| Totals | 2022 | 25 |
| 2023 | 0 | |
| 2024 | 10 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, there were 25 franchise transfers in New Jersey during 2022. This indicates a significant level of activity in the resale of existing Budget franchises within the state during that year.
Franchise transfers can occur for various reasons, such as franchisees retiring, selling their business for personal reasons, or failing to meet the franchisor's standards. A high number of transfers could suggest a dynamic market with opportunities for new franchisees to enter the system by acquiring existing locations. However, it could also raise questions about franchisee satisfaction or the profitability of Budget franchises in New Jersey, warranting further investigation by potential investors.
It is important to note that the FDD also provides data on franchise transfers for other states and years, allowing prospective franchisees to compare transfer rates across different regions and time periods. Analyzing these trends can provide a more comprehensive understanding of the stability and desirability of Budget franchises in various markets. Prospective franchisees should also inquire about the reasons behind the transfers to assess any potential risks or opportunities associated with acquiring an existing Budget franchise.