How many Budget outlets closed in Maine during 2023?
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 |
|---|---|---|---|---|---|---|---|
| Maine | 2022 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 1 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 |
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 Maine during 2023. At the start of 2023, there were four outlets, and by the end of the year, there were three. No outlets opened, were reacquired, or sold to franchisees during that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Budget franchises in specific geographic areas. Outlet closures can indicate market challenges, management issues, or other factors affecting the viability of a franchise. Reviewing these trends over multiple years, as presented in the table, can offer a more comprehensive understanding of the risks and opportunities associated with investing in a Budget franchise in Maine.
Prospective franchisees should investigate the reasons behind any closures to assess whether the issues are systemic or isolated incidents. Understanding the factors that contribute to franchise success and failure is essential for making an informed investment decision. This data, combined with conversations with current and former franchisees, can provide a clearer picture of what to expect as a Budget franchisee.