How many Budget outlets were operating in Alabama at the start of 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
022 | 192 | 4 | 0 | 0 | 0 | 6 | 190 | | OUTLETS | | | | | | | | | | | 2023 | 190 | 7 | 0 | 0 | 5 | 15 | 177 | | | 2024 | 177 | 0 | 1 | 0 | 0 | 2 | 174 | 1All figures are as of December 31 for that year.
TABLE NO. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022-2024
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at Year End |
|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 7 | 1 | 0 | 0 | 0 | 8 |
| 2023 | 8 | 0 | 0 | 0 | 0 | 8 | |
| 2024 | 8 | 0 | 0 | 0 | 0 | 8 | |
| Arizona | 2022 | 33 | 1 | 0 | 1 | 0 | 33 |
| 2023 | 33 | 1 | 0 | 0 | 0 | 34 | |
| 2024 | 34 | 0 | 0 | 0 | 0 |
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 is conflicting information regarding the number of Budget outlets operating in Alabama at the start of 2022. One table indicates that there were 7 Budget outlets in Alabama at the start of 2022, while another table indicates there were 10 Budget outlets at the start of 2022. This discrepancy could be due to different reporting methods or the inclusion/exclusion of certain types of outlets in each table.
For a prospective franchisee, this inconsistency highlights the importance of verifying information and seeking clarification from Budget regarding the actual number of operating outlets in specific regions. Understanding the market saturation and competitive landscape is crucial for making informed investment decisions. The tables also show the changes in the number of outlets over the next few years, including openings, closures, and other changes.
It is important to note that the tables also provide data on outlet changes in Alabama through 2024. One table shows that the number of outlets increased to 8 by the end of 2022 and remained at 8 through 2024. The other table shows that the number of outlets decreased to 9 by the end of 2023 and remained at 9 through 2024. This information can help potential franchisees understand the stability and growth trends of Budget in Alabama.
Given the conflicting data, a prospective franchisee should directly ask Budget for clarification on the number of outlets, the reasons for any discrepancies, and detailed information about the performance and characteristics of the Budget locations in Alabama. This due diligence will help in accurately assessing the market and potential profitability.