In what year were there 7 transfers of Budget franchises in Montana?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Montana | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 7 |
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 7 franchise transfers in Montana during the year 2024. This information is based on the table provided in Item 20, which details the number of franchise transfers by state and year.
For a prospective franchisee, understanding the number of transfers can provide insights into the stability and desirability of owning a Budget franchise in a specific location. A high number of transfers might indicate challenges within the existing franchise network, while a low number could suggest stability.
It's important to note that franchise transfers don't always indicate a negative situation. Sometimes, transfers occur due to retirement, relocation, or other personal reasons of the franchisee. However, it is a metric worth investigating further during the due diligence process to understand the reasons behind the transfers and their potential impact on a new franchise owner.