How many Budget franchises were operating in New Jersey at the start of 2022?
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 41 Budget franchises operating in New Jersey at the start of 2022. During 2022, 5 new Budget franchises opened in New Jersey, while 1 closed, resulting in 45 Budget franchises operating in the state at the end of 2022.
For a prospective franchisee, this data indicates the existing presence and activity of Budget in New Jersey. It shows the net growth of franchises in the state during that year. This information can be useful in assessing the brand's acceptance and potential market in New Jersey.
However, it is important to note that past performance does not guarantee future results. A prospective franchisee should conduct their own market research and due diligence to determine the viability of a Budget franchise in their specific location within New Jersey. They should also consider factors such as competition, local economic conditions, and the franchisor's support and training programs.