How many company-owned Counselor Realty outlets were closed in Minnesota during 2022?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlet Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 | |
| Totals | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 |
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, there were no company-owned outlets closed in Minnesota during 2022. The provided table shows that at the start of 2022, there were 6 company-owned outlets in Minnesota. Throughout 2022, there were no outlets opened, reacquired from a franchisee, closed, or sold to a franchisee. Consequently, the number of company-owned Counselor Realty outlets in Minnesota remained at 6 at the end of 2022.
This data point is important for prospective franchisees as it provides insight into the stability and performance of company-owned operations within the Minnesota market. A lack of closures could indicate a healthy and well-managed business model at the corporate level.
It is worth noting that while no company-owned stores closed, this does not necessarily reflect the performance of franchised locations. Further research into the franchised outlet data would be needed to gain a complete understanding of the Minnesota market.