How many Budget outlets closed in New Hampshire 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 |
|---|---|---|---|---|---|---|---|
| New | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| Hampshire | |||||||
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
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 outlet in New Hampshire closed during 2023. The table provided in Item 20 of the FDD details the changes in outlet numbers across different states and years. Specifically, for New Hampshire in 2023, the table shows one outlet closing, which resulted in the state having zero outlets at the end of the 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 that may affect the success of a franchise. Reviewing these trends over several years, as presented in the table (2022-2024), can offer a more comprehensive understanding of the risks and opportunities associated with investing in a Budget franchise in a particular state.
Prospective franchisees should investigate the reasons behind any closures, especially recent ones, to assess whether the issues are systemic or isolated incidents. Understanding the factors that contribute to outlet closures can help franchisees make informed decisions and develop strategies to mitigate potential risks. This data, combined with other due diligence efforts, can contribute to a more realistic assessment of the franchise opportunity.