How many Budget franchises were operating in Wyoming 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 |
|---|---|---|---|---|---|---|---|
| Wyoming | 2022 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 0 | 0 | 4 | |
| 2024 | 4 | 0 | 0 | 0 | 0 | 4 |
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 4 Budget franchises operating in Wyoming at the end of 2024. The provided table in Item 20 shows the status of franchised outlets for the years 2022-2024. In 2024, there were 4 outlets at the start of the year, no outlets opened, and no outlets closed, resulting in 4 outlets at the end of the year. This indicates a stable presence for Budget in Wyoming during that period.
For a prospective franchisee, this data suggests that the Wyoming market has been consistent for Budget over the past three years, with no growth or decline in the number of outlets. This could indicate a stable customer base or a market that is not easily expandable. It is important to note that this data only reflects the number of outlets and does not provide information on the financial performance of those outlets.
It would be beneficial for a potential franchisee to investigate the reasons behind the lack of growth in Wyoming. Understanding the market dynamics, competition, and potential for expansion would be crucial in making an informed decision about investing in a Budget franchise in Wyoming. Further research and conversations with existing franchisees in the region could provide valuable insights.