How many Budget franchises were operating in Michigan 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 was 1 Budget franchise operating in Michigan at the start of 2022. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2022-2024, showing the number of outlets at the start of each 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 is valuable in understanding the historical performance and stability of Budget franchises in Michigan. Knowing the number of franchises at the start of 2022 provides a baseline for assessing growth or decline in the following years. It's also important to note that no additional franchises opened, terminated, or ceased operations in Michigan during the years 2022-2024, indicating a period of stability in the state.
This data helps potential franchisees gauge the brand's presence and activity in a specific geographic area. While the number of franchises in Michigan remained constant during this period, further investigation into the reasons behind this stability, such as market saturation or lack of expansion opportunities, would be beneficial for making an informed investment decision. It is important to note that the FDD also lists the names and addresses of franchisees as of December 31, 2024, in Exhibit E, which could provide additional insights into the current franchise landscape.