How many Budget outlets were operating in Minnesota at the start of 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | New Jersey | 2022 | 25 | | | 2023 | 0 | | | 2024 | 0 | | Montana | 2022 | 0 | | | 2023 | 0 | | | 2024 | 7 | | South Dakota | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Wyoming | 2022 | 0 | | | 2023 | 0 | | | 2024 | 2 | | Totals | 2022 | 25 | | | 2023 | 0 | | | 2024 | 10 | TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022-20241
| State | Year | Outlets at Start of Year | Outlets Opened | Term- inations | Non- Renewa
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 4 Budget outlets operating in Minnesota at the start of 2022. This information is based on the table summarizing the status of franchised outlets for the years 2022-2024. The table provides a breakdown of outlet numbers by state, year, and changes throughout the year.
Specifically, the table includes the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the year's end. For Minnesota in 2022, the 'Outlets at Start of Year' column indicates there were 4 locations. There were no outlets opened, terminated, non-renewed, or reacquired by Budget during 2022.
This data is useful for prospective franchisees to understand the historical presence and stability of the Budget brand in Minnesota. It shows that the number of Budget locations in Minnesota has remained consistent over the period from 2022 to 2024. This information can be used to assess the market saturation and potential for growth in the state.
It is important to note that these figures represent franchised outlets and do not include any company-owned locations that may also be present in Minnesota. Franchisees should also consider this historical data in conjunction with other market research and due diligence to form a comprehensive understanding of the Budget franchise opportunity in Minnesota.