How many Budget franchises were operating in Maine at the start of 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
022 | 192 | 4 | 0 | 0 | 0 | 6 | 190 | | OUTLETS | | | | | | | | | | | 2023 | 190 | 7 | 0 | 0 | 5 | 15 | 177 | | | 2024 | 177 | 0 | 1 | 0 | 0 | 2 | 174 | 1All figures are as of December 31 for that year.
TABLE NO. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022-2024
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at Year End |
|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 7 | 1 | 0 | 0 | 0 | 8 |
| 2023 | 8 | 0 | 0 | 0 | 0 | 8 | |
| 2024 | 8 | 0 | 0 | 0 | 0 | 8 | |
| Arizona | 2022 | 33 | 1 | 0 | 1 | 0 | 33 |
| 2023 | 33 | 1 | 0 | 0 | 0 | 34 | |
| 2024 | 34 | 0 | 0 |
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 4 Budget franchises operating in Maine at the start of 2022, according to one table in Item 20. Another table in Item 20 indicates that there was 1 Budget franchise operating in Maine at the start of 2022. These tables provide an overview of the number of franchised and company-owned outlets over the past three years. The tables include details such as the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and the number of outlets at the end of the year.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Budget franchise system in specific states. It can also highlight trends in outlet openings and closures, which may be influenced by various market conditions or the franchisor's strategic decisions. Reviewing this data over several years can provide a more comprehensive view of the franchise's performance and potential risks.
It's important to note that the FDD also includes additional exhibits, such as Exhibit E, which lists the Budget franchise owners as of December 31, 2024, and the addresses of their outlets. Exhibit F lists franchisees who had their agreements terminated, cancelled, or not renewed during 2024. These exhibits, along with the detailed outlet information in Item 20, offer valuable insights for potential franchisees to assess the health and dynamics of the Budget franchise system.