How many Budget outlets were operating in Michigan at the end 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 |
|---|---|---|---|---|---|---|---|
| Florida | 2022 | 136 | 4 | 0 | 0 | 0 | 140 |
| 2023 | 140 | 5 | 0 | 1 | 0 | 144 | |
| 2024 | 144 | 2 | 0 | 0 | 0 | 146 | |
| Georgia | 2022 | 12 | 0 | 0 | 0 | 0 | 12 |
| 2023 | 12 | 0 | 0 | 0 | 0 | 12 | |
| 2024 | 12 | 0 | 0 | 0 | 0 | 12 | |
| Hawaii | 2022 | 7 | 1 | 0 | 0 | 0 | 8 |
| 2023 | 8 | 3 | 0 | 0 | 0 | 11 | |
| 2024 | 11 | 2 | 0 | 0 | 0 | 13 | |
| Idaho | 2022 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 7 | |
| Illinois | 2022 | 51 | 2 | 0 | 1 | 0 | 52 |
| 2023 | 52 | 0 | 0 | 1 | 0 | 51 | |
| 2024 | 51 | 0 | 0 | 1 | 0 | 50 | |
| Indiana | 2022 | 22 | 0 | 0 | 1 | 0 | 21 |
| 2023 | 21 | 0 | 0 | 0 | 0 | 21 | |
| 2024 | 21 | 0 | 0 | 4 | 0 | 17 | |
| Iowa | 2022 | 9 | 0 | 0 | 0 | 0 | 9 |
| 2023 | 9 | 1 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 2 | 0 | 0 | 0 | 12 | |
| Kentucky | 2022 | 9 | 1 | 0 | 1 | 0 | 9 |
| 2023 | 9 | 0 | 0 | 0 | 0 | 9 | |
| 2024 | 9 | 0 | 0 | 0 | 0 | 9 | |
| Louisiana | 2022 | 14 | 1 | 0 | 0 | 0 | 15 |
| 2023 | 15 | 0 | 0 | 0 | 0 | 15 | |
| 2024 | 15 | 0 | 0 | 0 | 0 | 15 | |
| Maine | 2022 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 1 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Maryland | 2022 | 27 | 1 | 0 | 0 | 0 | 28 |
| 2023 | 28 | 1 | 0 | 0 | 0 | 29 | |
| 2024 | 29 | 0 | 0 | 1 | 0 | 28 | |
| Massachusetts | 2022 | 30 | 1 | 0 | 0 | 0 | 31 |
| 2023 | 31 | 0 | 0 | 0 | 0 | 31 | |
| 2024 | 31 | 0 | 0 | 0 | 0 | 31 | |
| Michigan | 2022 | 30 | 0 | 0 | 0 | 0 | 30 |
| 2023 | 30 | 0 | 0 | 0 | 0 | 30 | |
| 2024 | 30 | 0 | 0 | 0 | 0 | 30 |
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 30 company-owned Budget outlets operating in Michigan at the end of 2024. The FDD indicates that there were 30 outlets at the start of 2024, no outlets opened, and no outlets closed, leaving 30 at year end.
This information is valuable for potential franchisees as it provides a snapshot of Budget's presence and stability in Michigan. The fact that the number of outlets remained constant in 2024 could suggest a stable market or a lack of expansion opportunities in the state.
Prospective franchisees should further investigate the performance of these existing outlets, the level of competition in the Michigan market, and Budget's plans for future development in the state to make an informed decision.