Does the FDD provide information on the reasons for any Counselor Realty outlet closures?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlet Opened | Terminations | Non- renewals | Reacquired by Franchisor | Ceased Opera- tions Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 0 | 0 | 2 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Totals | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 0 | 0 | 2 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 30–31)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, specific reasons for outlet closures are not detailed. However, the FDD does provide data on the number of terminations, non-renewals, outlets reacquired by the franchisor, and outlets that have ceased operations for other reasons.
Specifically, the document includes a table outlining the "Status of Franchised Outlets for the Last Three Years." This table shows the number of outlets at the start and end of each year, outlets opened, outlets reacquired, outlets closed, and outlets sold. For example, in 2023, there were two non-renewals of Counselor Realty franchises in Minnesota.
While the table tracks the number of franchise terminations and non-renewals, it does not specify the underlying causes for these changes. A prospective franchisee should inquire with Counselor Realty about the specific reasons for franchise terminations, non-renewals, and other closures to fully understand the factors that may impact the success and stability of a Counselor Realty franchise.