How many Budget outlets closed in California during 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 |
|---|---|---|---|---|---|---|---|
| California | 2022 | 168 | 3 | 0 | 3 | 0 | 168 |
| 2023 | 168 | 3 | 0 | 5 | 0 | 166 | |
| 2024 | 166 | 5 | 0 | 4 | 0 | 167 |
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 outlets closed in California during 2024. At the start of 2024, there were 166 outlets, 5 opened, and 4 closed, leaving 167 at the end of the year. This information is based on company-owned outlets.
It's important to note that Southern California and Las Vegas operate under subfranchise or master distribution agreements. The data provided in the table does not include projections for franchise development by master distributors/subfranchisors. Therefore, the number of closures reported may not reflect the entire California market, as it excludes subfranchised locations in Southern California.
Prospective franchisees should be aware of the distinction between company-owned and subfranchised locations when evaluating the performance data. While the provided table offers insights into company-owned outlet performance, further investigation may be needed to understand the dynamics of subfranchised locations within California. Franchisees should also consider that past performance does not guarantee future results.