How many Counselor Realty franchise agreements were signed in Minnesota, but the outlet was not yet opened?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed but Outlet Not Opened | Projected New Franchised Outlet in the Next Fiscal Year | Projected New Company-Owned Outlet in the Next Fiscal Year |
|---|---|---|---|
| Minnesota | 0 | 1 | 0 |
| Totals | 0 | 1 | 0 |
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, as of January 1, 2025, there were no franchise agreements signed in Minnesota for which the outlet had not yet opened. This means that all franchise agreements signed in Minnesota have resulted in operational Counselor Realty outlets.
This information is relevant for prospective franchisees as it provides a snapshot of the current franchise landscape in Minnesota. It suggests that Counselor Realty has been successful in converting signed agreements into active, operating locations within the state.
Additionally, the FDD indicates that Counselor Realty projects opening one new franchised outlet in Minnesota in the next fiscal year. This suggests potential growth and expansion opportunities for franchisees in the Minnesota market. However, prospective franchisees should conduct their own market research to assess the viability of a new location in their desired area.