How many Budget franchises were operating in Minnesota at the end of 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at Year End |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 17 | 0 | 0 | 1 | 0 | 16 |
| 2023 | 16 | 0 | 0 | 0 | 0 | 16 | |
| 2024 | 16 | 0 | 0 | 0 | 0 | 16 |
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 16 Budget franchises operating in Minnesota at the end of 2024. The table provided in Item 20 of the FDD details 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 each state.
For Minnesota, the table shows that in 2024, there were 16 outlets at the start of the year, no outlets opened, no outlets reacquired, and no outlets closed. This resulted in 16 outlets at the end of 2024.
This information is useful for potential franchisees as it provides a clear picture of the franchise's presence and stability in Minnesota. The fact that no outlets opened or closed during 2024 might suggest a stable market, but further investigation into the performance of these existing locations would be beneficial.