How many Budget outlets opened in Nevada 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 |
|---|---|---|---|---|---|---|---|
| Nevada | 2022 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 0 | 0 | 4 | |
| 2024 | 4 | 0 | 0 | 0 | 0 | 4 |
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 zero Budget outlets opened in Nevada during 2023. The number of outlets remained constant at four. This suggests that while there was no growth in terms of new locations, there were also no closures during that year in Nevada.
For a prospective franchisee, this data indicates the stability of Budget's presence in Nevada. It could mean that the existing locations are well-established and sufficiently cover the market, or it could point to challenges in expanding within the state. It is important to note that Las Vegas is developed under subfranchise or master distribution agreements. These numbers do not reflect projections for franchise development by master distributors/subfranchisors.
It is important to consider these figures in conjunction with other factors, such as market saturation, local economic conditions, and the overall performance of the existing Budget outlets in Nevada. Further research and conversations with the franchisor and existing franchisees in the region would provide a more comprehensive understanding of the opportunities and challenges associated with opening a Budget franchise in Nevada.
Prospective franchisees should also inquire about the specific reasons for the lack of new openings in Nevada during 2023. Understanding the franchisor's perspective on market conditions and expansion plans for the state is crucial for making an informed investment decision.