How many Counselor Realty outlets were closed in Minnesota during 2023?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 zero outlets closed in Minnesota during 2023, according to one table. The number of outlets at the start of the year was six, and the number of outlets at the end of the year remained at six.
However, another table indicates that there were seven outlets at the start of 2023 and five at the end of 2023. The column "Non-renewals" shows a value of two for 2023. This suggests that two Counselor Realty franchises in Minnesota were not renewed in 2023, leading to a net decrease of two franchised outlets.
It is important to note the discrepancy between the two tables. A prospective franchisee should seek clarification from Counselor Realty regarding the conflicting information about outlet closures and non-renewals in Minnesota during 2023 to fully understand the stability and performance of franchises in that state.