How many Budget franchises ceased operations in Pennsylvania during 2024?
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 | TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022-20241
| State | Year | Outlets at Start of Year | Outlets Opened | Term- inations | Non- Renewals | Reacq
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, two franchises in Pennsylvania ceased operations for other reasons during 2024. The number of Budget franchises in Pennsylvania started at 12 in 2024, and after two ceased operations, the year ended with 10 locations.
It is important to note that 'ceased operations' can cover a range of situations, from voluntary closures due to poor performance to involuntary closures due to violations of the franchise agreement. Prospective franchisees should inquire with Budget about the specific reasons for these closures to better understand the risks and challenges of operating a franchise in Pennsylvania.
Understanding the reasons behind franchise closures can help a potential franchisee assess the stability and support provided by Budget, as well as the economic conditions in specific regions. This information, combined with conversations with current and former franchisees, can provide a more complete picture of the franchise opportunity.