How many Counselor Realty outlets were closed in Minnesota during 2022?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Outlets at Start of Year | Outlet Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 | |
| Totals | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 |
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, there were no outlet closures in Minnesota during 2022. The FDD provides a table outlining outlet activity by state and year.
Specifically for Minnesota in 2022, the table shows that there were 6 outlets at the start of the year, 0 outlets opened, 0 outlets reacquired from franchisees, 0 outlets closed, 0 outlets sold to franchisees, and 6 outlets at the end of the year. This indicates a stable number of outlets with no closures during that period.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Counselor Realty franchises in Minnesota. A history of stable or growing outlet numbers can be seen as a positive indicator, while a high number of closures might raise concerns about the viability of the franchise in that region.