How many Budget outlets were reacquired by the franchisor in Montana during 2023?
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- Rene
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, two outlets in Montana were reacquired by Budget during 2023. The table provided in Item 20 of the FDD outlines the changes in outlet numbers for each state over the past three years. This includes details on outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations, and the number of outlets at the year's end.
For a prospective franchisee, this information is valuable in understanding the stability and performance of Budget franchises in specific regions. Seeing that two outlets were reacquired in Montana during 2023 might prompt further investigation into the reasons behind these re acquisitions. It is important to note that re acquisition does not necessarily indicate failure but could be due to various factors, such as the franchisee deciding to sell the business back to Budget or other strategic decisions.
Reviewing the complete table for all states can provide a broader perspective on how Budget franchises are performing nationwide. This data helps potential franchisees assess the risks and opportunities associated with investing in a Budget franchise in a particular area. It is also advisable to speak with current and former franchisees to gain additional insights into the factors influencing these numbers and the overall health of the Budget franchise system.