How many Counselor Realty franchised outlets were there as of December 31, 2024?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
training programs from time to time.
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. Initial franchise fees are typically $7,500 to $15,000 per franchise, as determined by the population of the franchise territory. The franchisee agrees to pay a base monthly fee covering up to five licensed agents and additional monthly fees per licensed agent above five operating from or through their office. The monthly franchise fee revenue was $57,634, $63,751 and $73,235 for the years ended December 31, 2024, 2023 and 2022, respectively. If the franchisee is located within the 11-county metropolitan area of the Twin Cities, there is a monthly metro advertising fee per licensed agent. The agreement term is five years b
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, as of December 31, 2024, there were five franchised outlets. This number remained the same as in 2023. In 2022, there were seven franchise outlets, indicating a decrease in the number of franchised locations over the past few years.
Notably, Counselor Realty did not sell any new franchises in 2024, 2023, or 2022, and there were no franchise renewals during this period. This lack of growth and renewal activity could be a point of concern for potential franchisees, suggesting possible challenges in attracting new franchisees or retaining existing ones.
The franchise agreement outlines that Counselor Realty grants franchisees the use of its systems and marks to operate a real estate brokerage business. In return, franchisees pay an initial fee and monthly franchise fees, along with metro advertising fees if applicable. Counselor Realty also commits to providing an initial training program and may offer additional training programs periodically. The initial franchise fees range from $7,500 to $15,000, depending on the population of the franchise territory.