How many Budget outlets opened in Alaska during 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Term- inations | Non- Renewals | Reacquired by Franchisor | Ceased Operations/Other Reasons | Outlets at Year End |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 1 | 9 | |
| 2024 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| Alaska | 2022 | 7 | 2 | 0 | 0 | 0 | 3 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
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 2 Budget outlets opened in Alaska during 2022. The table provided in Item 20 of the FDD outlines the changes in the number of outlets for each state over the past three years. This includes the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Budget franchise in specific geographic areas. The number of outlets opened can indicate the level of expansion and market penetration in a particular state. However, it's also important to consider other factors, such as terminations and closures, to get a complete picture of the franchise's performance in that area. In Alaska, while 2 outlets opened, 3 ceased operations, resulting in a net decrease of 1 outlet during 2022.
Reviewing the data for multiple years provides a more comprehensive understanding of trends. For example, the FDD shows that no new Budget outlets opened in Alaska in 2023 or 2024. This could indicate a change in the market conditions or the franchisor's strategy for that region. A potential franchisee should investigate the reasons behind these trends to assess the opportunities and risks associated with opening a Budget franchise in Alaska.