How many Budget outlets opened in California 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 |
|---|---|---|---|---|---|---|---|
| California | 2022 | 168 | 3 | 0 | 3 | 0 | 168 |
| 2023 | 168 | 3 | 0 | 5 | 0 | 166 | |
| 2024 | 166 | 5 | 0 | 4 | 0 | 167 |
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 3 Budget outlets opened in California during 2023. The number of outlets at the start of 2023 was 168, and by the end of the year, the number decreased to 166. This decrease is due to 5 outlets closing during the year.
It's important to note that while 3 new Budget locations opened in California, the net number of locations decreased by 2. This means that a prospective franchisee should consider not only the number of new openings but also the number of closures when evaluating the potential for success in a specific market. Analyzing the reasons for closures can provide valuable insights into the challenges and opportunities within the California market.
It is also important to note that Southern California and Las Vegas are developed under subfranchise or master distribution agreements between Budget and a master distributor/subfranchisor, and any franchising done in these areas is done by master distributors/subfranchisors. These numbers do not reflect projections for franchise development by master distributors/subfranchisors. A prospective franchisee should consider this when evaluating the potential for success in a specific market.