How many Budget franchises ceased operations in Nevada during 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Term- inations | Non- Renewals | Reacquired by Franchisor | Ceased Operations/Other Reasons | Outlets at Year End |
|---|---|---|---|---|---|---|---|---|
| Nevada | 2022 | 12 | 0 | 0 | 0 | 0 | 1 | 11 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, one Budget franchise in Nevada ceased operations for other reasons during 2022. At the start of 2022, there were 12 Budget outlets in Nevada. By the end of 2022, the number decreased to 11 due to one franchise ceasing operations.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Budget franchises in specific geographic areas. Reviewing the reasons behind ceased operations can offer a better understanding of the challenges and opportunities within the Nevada market.
It is important to note that the figures provided are as of December 31 for each year. Prospective franchisees should further investigate the reasons for the ceased operation to assess any potential risks or market-specific challenges in Nevada.