How many Budget outlets closed in Illinois 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 |
|---|---|---|---|---|---|---|---|
| Illinois | 2022 | 51 | 2 | 0 | 1 | 0 | 52 |
| 2023 | 52 | 0 | 0 | 1 | 0 | 51 | |
| 2024 | 51 | 0 | 0 | 1 | 0 | 50 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, one Budget outlet closed in Illinois during 2024. At the start of 2024, there were 51 Budget outlets in Illinois. No new outlets opened, and one closed, resulting in 50 outlets at the end of the year. This information is based on the status of company-owned outlets for the years 2022-2024.
It is important to note that the FDD provides data on both company-owned and franchised outlets. The data regarding closures specifically refers to company-owned locations. This distinction is crucial for prospective franchisees to understand, as the performance and changes in company-owned outlets may not directly reflect the performance or changes within franchised locations.
Prospective franchisees should consider these figures in the context of the overall Budget network. While one closure in Illinois may not seem significant, it is essential to investigate the reasons behind the closure. Understanding whether the closure was due to market conditions, specific location issues, or other factors can provide valuable insights for potential franchisees evaluating opportunities in Illinois or similar markets.