What was the income (loss) before income taxes for Counselor Realty in 2023?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues | |||
| Monthly franchise fees | $ 57,634 | $ 63,751 | $ 73,235 |
| Monthly metro advertising fees | 3,480 | 2,880 | 3,600 |
| Other income | 9,432 | 2,748 | 1,447 |
| Total revenues | 70,546 | 69,379 | 78,282 |
| Expenses | 74,513 | 78,252 | 61,402 |
| Income (loss) before income taxes | (3,967) | (8,873) | 16,880 |
| Provision for Income Taxes | - | - | 5,100 |
| Net income (loss) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company experienced a loss before income taxes of $8,873 in 2023. This figure is derived from the company's statements of operations included in the FDD.
For a prospective franchisee, this information provides insight into the financial performance of Counselor Realty. A loss before income taxes suggests that the company's expenses exceeded its revenues during that period. While not necessarily indicative of long-term financial instability, it is a point to consider when evaluating the franchise opportunity.
It's important to note that this is just one year's data, and the FDD also includes financial statements for 2024 and 2022, allowing for a comparison of Counselor Realty's financial performance over time. Reviewing these trends can provide a more comprehensive understanding of the company's financial health. Additionally, prospective franchisees should inquire about the reasons for the loss in 2023 and what measures Counselor Realty has taken to improve its profitability.