How many Budget outlets opened in Iowa during 2024?
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 |
|---|---|---|---|---|---|---|---|
| Iowa | 2022 | 9 | 0 | 0 | 0 | 0 | 9 |
| 2023 | 9 | 1 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 2 | 0 | 0 | 0 | 12 |
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 Iowa during 2024. The table provided in Item 20 of the FDD details the changes in outlet numbers across different states over the past three years. This information is crucial for potential franchisees to understand the growth and stability of the franchise in specific regions.
Specifically, the table shows that Iowa had 10 outlets at the start of 2024 and ended the year with 12 outlets. This increase of 2 outlets indicates some expansion within the state. Reviewing these trends helps prospective franchisees assess the market potential and competitive landscape in Iowa.
It is also important to note other factors listed in the table, such as outlets reacquired from franchisees, outlets closed, and outlets sold to franchisees, to get a complete picture of the market dynamics. In the case of Iowa, there were no re acquisitions or sales, and no closures, so the net growth matches the number of new outlets opened. This detailed information enables potential franchisees to make informed decisions based on historical performance and market trends.