When was Counselor Realty Franchising, Inc. incorporated?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Counselor Realty Franchising, Inc. (the Company) was incorporated in Minnesota on May 8, 2001. The Company was formed to offer franchises for a full service residential and/or commercial real estate brokerage service business. The Company commenced the offering and sale of franchises in 2002. The Company is a wholly-owned subsidiary of Counselor Holding, Inc.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 FDD, Counselor Realty Franchising, Inc. was incorporated in Minnesota on May 8, 2001. The company was established to offer franchises for residential and commercial real estate brokerage services. Counselor Realty began offering and selling franchises in 2002. The FDD also states that Counselor Realty Franchising, Inc. is a wholly-owned subsidiary of Counselor Holding, Inc.
For a prospective franchisee, this information provides insight into the company's history and structure. Knowing the incorporation date helps assess the company's experience and stability in the franchise industry. The fact that it is a subsidiary of Counselor Holding, Inc. indicates a parent company with potential influence and resources.
It's also relevant to note that the franchise agreement details the obligations of both Counselor Realty and the franchisee, including the use of systems and marks, payment of fees, and provision of training programs. The FDD mentions that there were no new franchises sold in 2024, 2023, or 2022, and no franchise renewals during the same period. As of December 31, 2024 and 2023, there were five franchised outlets, down from seven in 2022.