When did a Counselor Realty franchise agreement expire and not get renewed?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
training programs from time to time.
There were no new franchises sold in 2024, 2023, or 2022. There were no franchise renewals in 2024, 2023 or 2022. No franchise renewal fees are required. There were five franchised outlets as of December 31, 2024 and 2023. There were seven franchise outlets as of December 31, 2022. One franchise agreement expired in March 2023 and was not renewed. One franchise agreement expired in December 2022 and was not renewed. Initial franchise fees are typically $7,500 to $15,000 per franchise, as determined by the population of the franchise territory. The franchisee agrees to pay a base monthly fee covering up to five licensed agents and additional monthly fees per licensed agent above five operating from or through their office. The monthly franchise fee revenue was $57,634, $63,751 and $73,235 for the years ended December 31, 2024, 2023 and 2022, respectively. If the franchisee is located within the 11-county metropolitan area of the Twin Cities, there is a monthly metro advertising fee per licensed agent. The agreement term is five years b
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, one franchise agreement expired in March 2023 and another in December 2022, and neither was renewed. This information is part of the notes to the financial statements. As of December 31, 2024, and 2023, there were five franchised outlets, while there were seven outlets as of December 31, 2022.
The document also states that there were no new franchises sold or franchise renewals in 2022, 2023, or 2024. The agreement term is five years from when the office opens.
For a prospective franchisee, this indicates that franchise agreements do expire and are not always renewed. It would be prudent to understand the reasons why these agreements were not renewed. Understanding the factors that contribute to non-renewal can help a franchisee better prepare and manage their business to ensure a successful and long-term relationship with Counselor Realty.