How many company-owned Counselor Realty outlets were sold to franchisees in Minnesota during 2023?
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 sold to franchisees in Minnesota during 2023. The provided table shows the status of outlets in Minnesota, indicating that in 2023, there were six outlets at the start of the year and six at the end of the year, with zero outlets being sold to franchisees during that period. This suggests that Counselor Realty did not transfer any of its company-owned locations to franchisees in Minnesota during that year.
This information is relevant for prospective franchisees as it provides insight into the company's strategy regarding company-owned store conversions. The absence of such sales in 2023 could indicate that Counselor Realty prefers to maintain company-owned operations in Minnesota or that there simply were no suitable opportunities for transfer during that specific year.
For a potential franchisee, this data point underscores the importance of understanding the franchisor's growth and ownership transition strategies. It would be prudent to inquire directly with Counselor Realty about their future plans for company-owned outlets and whether they anticipate any opportunities for franchisees to acquire existing locations in Minnesota or other areas.