How many Budget franchises were operating in South Dakota at the end of 2024?
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 3 Budget franchises operating in South Dakota at the end of 2024. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the 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 each state.
Specifically, for South Dakota, the table shows that in 2024, there were 3 outlets at the start of the year, no outlets opened, no terminations, no non-renewals, no outlets reacquired by the franchisor, and no outlets that ceased operations for other reasons. Therefore, the number of Budget franchises operating in South Dakota at the end of 2024 remained at 3.
Prospective franchisees can use this information to understand the historical presence and stability of Budget franchises in South Dakota. A consistent number of outlets might suggest a stable market or limited growth opportunities in the state. It is important to further investigate the reasons behind these numbers, such as market saturation, franchisee performance, or strategic decisions by the franchisor.