How many Budget outlets closed in Minnesota during 2022?
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 |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 17 | 0 | 0 | 1 | 0 | 16 |
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 in Minnesota closed in 2022. The table provided in Item 20 of the FDD details the status of company-owned outlets for the years 2022-2024. This includes the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and the number of outlets at the year's end.
For a prospective franchisee, this information is valuable in assessing the stability and performance of Budget franchises in specific geographic areas. A single closure in Minnesota during 2022 might not be a cause for alarm, but it would prompt further investigation into the reasons behind the closure. Understanding the factors that contribute to outlet closures can help franchisees make informed decisions and mitigate potential risks.
It's important to note that the table distinguishes between different categories of outlet changes, such as closures, openings, and re acquisitions. This level of detail provides a more nuanced understanding of the dynamics within the Budget franchise system. Reviewing this data over multiple years, as presented in the table, can reveal trends and patterns that may not be apparent from a single year's snapshot. This information is crucial for potential franchisees to evaluate the overall health and growth potential of the Budget franchise.