How many Budget franchises were operating in New Jersey 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 |
|---|---|---|---|---|---|---|---|
| New Jersey | 2022 | 41 | 5 | 0 | 1 | 0 | 45 |
| 2023 | 45 | 1 | 0 | 2 | 0 | 44 | |
| 2024 | 44 | 1 | 0 | 2 | 0 | 43 |
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 43 Budget franchises operating in New Jersey at the end of 2024. The table provided in Item 20 of the FDD details the changes in the number of outlets for each state over the past three years. In 2024, New Jersey saw the opening of one new Budget franchise and the closure of two, resulting in a net decrease of one outlet from the start of the year.
Specifically, New Jersey began 2024 with 44 franchises. Throughout the year, one new franchise was opened, while two franchises closed. This activity resulted in a total of 43 Budget franchises operating in New Jersey at the close of 2024.
Prospective franchisees can use this historical data to understand the stability and growth of Budget franchises in specific regions. It's important to note that past performance does not guarantee future results, but this information can contribute to a more informed decision-making process.