How many Budget outlets were operating in Connecticut at the start of 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 |
|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 14 | 0 | 0 | 0 | 0 | 14 |
| 2023 | 14 | 2 | 0 | 1 | 0 | 15 | |
| 2024 | 15 | 1 | 0 | 1 | 0 | 15 |
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 15 Budget outlets operating in Connecticut at the start of 2024. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at year end for the years 2022, 2023, and 2024. This information is broken down by state.
For a prospective franchisee, this data indicates the recent history of Budget locations in Connecticut. It shows a slight increase in the number of outlets from 2022 to 2024. This information can be useful in assessing the brand's performance and stability in the state.
It is important to note that past performance does not guarantee future results. A prospective franchisee should further investigate the reasons behind the changes in outlet numbers, such as the specific locations of openings and closures, and the overall market conditions in Connecticut.