How many Budget outlets opened in New Jersey during 2022?
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 |
|---|---|---|---|---|---|---|---|
| New Jersey | 2022 | 41 | 5 | 0 | 1 | 0 | 45 |
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 5 Budget outlets opened in New Jersey during 2022. At the start of 2022, there were 41 outlets, and by the end of the year, there were 45. One outlet closed during the year.
It's important to note that this data reflects company-owned outlets. The FDD also provides data on franchised outlets, but this is presented in a separate table and shows zero openings for franchised locations in New Jersey during 2022. Therefore, the 5 new openings refer specifically to company-owned Budget locations.
Prospective franchisees should be aware of the distinction between company-owned and franchised outlets when reviewing the performance data in the FDD. Understanding the growth and changes in both sectors can provide a more comprehensive view of Budget's overall strategy and market presence in New Jersey.