How many Budget outlets opened in Maryland 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 |
|---|---|---|---|---|---|---|---|
| Maryland | 2022 | 27 | 1 | 0 | 0 | 0 | 28 |
| 2023 | 28 | 1 | 0 | 0 | 0 | 29 | |
| 2024 | 29 | 0 | 0 | 1 | 0 | 28 |
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 was one Budget outlet opened in Maryland during 2023. The table provided in Item 20 of the FDD outlines the number of outlets opened, reacquired, closed, and sold to franchisees, as well as the number of outlets at the start and end of each year for each state. This information is useful for potential franchisees to understand the growth and changes within the Budget franchise system in specific geographic areas.
Specifically, the table shows that in 2023, Maryland had 28 outlets at the start of the year and ended the year with 29 outlets. This increase of one outlet is attributed to the one new outlet opening during the year. No outlets were reacquired from franchisees, closed, or sold to franchisees during that year in Maryland.
Analyzing these trends can help a prospective franchisee assess the stability and potential for growth in a particular market. It is important to note that past performance does not guarantee future results, but this data provides valuable insights into the brand's expansion and contraction activities. Reviewing this data in conjunction with other factors, such as local market conditions and competition, can help a potential franchisee make a more informed decision.