How many Counselor Realty franchised outlets were there as of December 31, 2023?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
There were no new franchises sold in 2024, 2023, or 2022. There were no franchise renewals in 2024, 2023 or 2022. No franchise renewal fees are required. There were five franchised outlets as of December 31, 2024 and 2023. There were seven franchise outlets as of December 31, 2022. One franchise agreement expired in March 2023 and was not renewed. One franchise agreement expired in December 2022 and was not renewed.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company had five franchised outlets as of December 31, 2023. This number remained the same as of December 31, 2024. However, there were seven franchise outlets as of December 31, 2022, indicating a decrease in the number of outlets over the past two years.
Notably, the FDD states that there were no new franchises sold in 2024, 2023, or 2022, and no franchise renewals during the same period. One franchise agreement expired in March 2023 and was not renewed, and another expired in December 2022 and was not renewed. This suggests that the decrease in the number of franchised outlets is due to non-renewals rather than closures or terminations.
For a prospective franchisee, this information highlights the importance of understanding the factors that contribute to franchise agreement renewals and the overall health of existing franchises within the Counselor Realty system. It would be prudent to investigate the reasons behind the non-renewals and to assess the support and resources Counselor Realty provides to ensure franchisee success and longevity.