How many Budget franchises experienced non-renewals in Iowa 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-
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 no non-renewals of Budget franchises in Iowa during 2024. The provided table in Item 20 outlines the status of franchised outlets for the years 2022-2024, detailing terminations, non-renewals, re acquisitions, and other reasons for ceased operations.
Specifically, the table shows that in Iowa during 2024, there were 3 outlets at the start of the year, no outlets opened, 1 termination, no non-renewals, no re acquisitions by the franchisor, and no outlets ceased operations for other reasons. This resulted in 3 outlets at the year's end.
This information is crucial for potential Budget franchisees as it provides insight into the stability and turnover of franchises within specific states. A high number of non-renewals could indicate issues with franchisee profitability or franchisor-franchisee relations, while a low number, as seen in Iowa, suggests a more stable franchise environment.