How many Budget franchises were transferred in Montana during 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 |
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 7 franchise transfers in Montana during 2024. This information is detailed in Table No. 2, which specifically tracks the transfers of outlets from franchisees to new owners, excluding transfers to the franchisor or its affiliates. This data provides insight into the resale activity within the Budget franchise system in Montana.
For a prospective franchisee, understanding the number of transfers can be valuable. A high number of transfers might indicate potential challenges or dissatisfaction among franchisees, while a low number could suggest stability. However, it's essential to investigate the reasons behind the transfers to get a clearer picture. Speaking with current and former franchisees in Montana could provide additional context regarding these transfers.
It is also important to note that the FDD provides a list of franchisees as of December 31, 2024, in Exhibit E, and a list of franchisees who exited the system during 2024 in Exhibit F. Reviewing these exhibits in conjunction with the transfer data can offer a more comprehensive understanding of franchisee turnover and transitions within the Budget system.