How many Budget franchises were operating in Kansas at the end of 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
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 10 Budget franchises operating in Kansas at the end of 2024. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2022-2024, detailing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the year's end.
For a prospective franchisee, this information indicates the stability and performance of Budget franchises in Kansas. The fact that the number of franchises remained constant at 10 throughout 2022, 2023, and 2024 suggests a stable market presence with no closures or new openings during this period. This could be seen as a positive sign, indicating a consistent business environment, or it could also suggest limited growth opportunities in the state.
It is important for potential franchisees to further investigate the reasons behind the lack of growth and to assess the market conditions in Kansas. Understanding the local competition, demand for Budget's services, and any potential barriers to entry will be crucial in making an informed decision. Additionally, reviewing Exhibit E, which lists the Budget Franchise owners as of December 31, 2024, and their outlet addresses, could provide valuable insights into the existing franchise operations in Kansas.
Overall, while the data shows stability in the number of Budget franchises in Kansas, prospective franchisees should conduct thorough due diligence to determine if this market aligns with their investment and growth objectives. Speaking with current franchisees in Kansas, if possible, would also provide valuable first-hand perspectives.