What was the net change in the number of company-owned Budget outlets during 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change (+/-) |
|---|---|---|---|---|
| Company | 2022 | 1,125 | 1,164 | +39 |
| owned | ||||
| 2023 | 1,164 | 1,197 | +33 | |
| 2024 | 1,197 | 1,197 | 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, the net change in the number of company-owned outlets during 2024 was 0. This means that the number of company-owned Budget locations remained the same throughout the year. At the start of 2024, there were 1,197 company-owned outlets, and by the end of the year, the number remained at 1,197.
For a prospective franchisee, this information provides insight into the stability of Budget's company-owned operations. A stable number of company-owned stores could indicate a well-managed business model and consistent performance. However, it's important to consider this data in conjunction with other factors, such as the performance of franchised locations and overall market trends.
It is also worth noting that while the total number of company-owned locations remained stable, this does not necessarily mean that individual locations did not open or close during the year. It simply means that the total number of openings and closings balanced out to zero net change. Further details on specific location changes may be relevant for a potential franchisee to investigate.
The FDD also provides data on franchised outlet changes, which decreased by 3 in 2024. Examining both company-owned and franchised outlet data can give a more comprehensive understanding of Budget's overall growth and stability.