How many Budget franchises were operating in Kentucky at the start of 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 | TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022-20241
| State | Year | Outlets at Start of Year | Outlets Opened | Term- inations | Non- Renew
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 2 Budget franchises operating in Kentucky at the start of 2022. This information is based on the table outlining the status of franchised outlets for the years 2022-2024. The table provides a breakdown of outlet activity by state, including the number of outlets at the start of each year.
For a prospective franchisee, this indicates the existing Budget presence in Kentucky at that time. It's important to note that while there were 2 franchises at the beginning of 2022, the table also shows that the number remained consistent throughout 2022, 2023, and 2024. This could suggest a stable market or limited growth opportunities in the state.
It is important to consider this data in conjunction with other factors, such as market demand, competition, and the franchisor's growth plans for the region. Further research and discussions with Budget may be beneficial to understand the dynamics of the Kentucky market and the potential for future growth.