How many Budget franchises were operating in Mississippi 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- 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 2 Budget franchises operating in Mississippi at the start of 2022. The FDD provides a detailed table outlining 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. This data is broken down by state and covers the years 2022, 2023, and 2024.
For a prospective franchisee, this information is valuable in understanding the historical performance and stability of Budget franchises in Mississippi. The fact that the number of franchises remained constant at 2 from 2022 through 2024 suggests a stable market presence. However, it also indicates a lack of growth in the state during this period.
It is important to note that the FDD also includes information on franchise transfers, terminations, and non-renewals, which can provide further insights into the health and turnover of franchises within the Budget system. Additionally, the FDD lists the names and addresses of current franchisees as of December 31, 2024, in Exhibit E, which could be a valuable resource for prospective franchisees looking to gather firsthand information about the franchise system. A prospective franchisee should consider this information in conjunction with other factors, such as market conditions and competition, to assess the potential for success in Mississippi.