How many Budget outlets were open in Hawaii 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 |
|---|---|---|---|---|---|---|---|
| Hawaii | 2022 | 7 | 1 | 0 | 0 | 0 | 8 |
| 2023 | 8 | 3 | 0 | 0 | 0 | 11 | |
| 2024 | 11 | 2 | 0 | 0 | 0 | 13 |
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 11 Budget outlets open in Hawaii at the end of 2023. The FDD provides a detailed table outlining the status of company-owned outlets for the years 2022-2024, including 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 year-end. This information is crucial for prospective franchisees to understand the brand's growth and stability in specific markets.
The data reveals that Budget started 2023 with 8 outlets in Hawaii, opened 3 new outlets, and closed none, resulting in 11 outlets at the end of the year. This indicates a positive growth trend for Budget in Hawaii during that period. Reviewing these historical trends can help potential franchisees assess the opportunities and challenges of operating a Budget franchise in that state.
It's important to note that these figures represent company-owned outlets, and the FDD also includes data on franchised outlets. By examining both sets of data, prospective franchisees can gain a comprehensive understanding of Budget's overall performance and market presence in Hawaii. This information, combined with other factors such as local market conditions and competition, can inform their decision-making process.