What was the total number of Budget franchise transfers in 2024?
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 |
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 a total of 10 franchise transfers in 2024. These transfers occurred in Montana (7), South Dakota (1), and Wyoming (2). This information is based on transfers of outlets from franchisees to new owners, excluding transfers to Budget itself or its affiliates.
Franchise transfers can be an important indicator of the health and desirability of a franchise system. A higher number of transfers may suggest a more active market for existing franchises, potentially offering an exit strategy for franchisees looking to sell. However, it could also signal that franchisees are facing challenges and seeking to leave the system. In Budget's case, the relatively low number of transfers in 2024 could indicate stability within the franchise network.
Prospective franchisees should consider the number of transfers in conjunction with other factors, such as the reasons for the transfers and the overall financial performance of the franchise. It's also advisable to speak with both current and former franchisees to gain a better understanding of their experiences and the factors driving franchise transfers within the Budget system. Reviewing Exhibit F, which lists franchisees who have left the system, may also provide valuable insights.