How many new Counselor Realty franchises were sold in 2023?
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, no new franchises were sold in 2023. The document explicitly states that there were no new franchises sold in 2024, 2023, or 2022.
This information is crucial for potential franchisees as it provides insight into the recent growth trends of Counselor Realty. A lack of new franchise sales could indicate various factors, such as market saturation, challenges in attracting new franchisees, or a strategic shift in the company's growth plans.
Furthermore, the FDD notes that there were five franchised outlets as of December 31, 2024, and 2023, and seven franchise outlets as of December 31, 2022. This indicates a net decrease in the number of franchised outlets over the past few years. One franchise agreement expired in March 2023 and was not renewed, and another expired in December 2022 and was not renewed. This data, combined with the lack of new franchise sales, suggests that Counselor Realty may be facing challenges in maintaining and expanding its franchise network.