How many new Counselor Realty franchises were sold in 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, the company did not sell any new franchises in 2024. In fact, the document states that no new franchises were sold in 2022 or 2023 either.
For a potential franchisee, this information is crucial as it provides insight into the recent growth (or lack thereof) of the Counselor Realty franchise system. A lack of new franchise sales could indicate various factors, such as market saturation, franchisee profitability issues, or a change in the franchisor's growth strategy.
It's also worth noting that while no new franchises were sold, the number of franchised outlets remained constant at five between December 31, 2023, and December 31, 2024. This suggests that existing franchisees are maintaining their businesses, even though the company isn't actively expanding through new franchise sales. A prospective franchisee should inquire about the reasons for the lack of new franchise sales and the support provided to existing franchisees to maintain their operations.