How many Counselor Realty outlets were closed in Minnesota during 2024?
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 |
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 2024. The FDD provides a table outlining outlet information by state and year. In Minnesota, the number of outlets at the start of 2024 was six, and the number of outlets at the end of 2024 remained at six. This indicates that no outlets were closed during that year.
It is important to note that while no outlets were closed, the number of Counselor Realty franchised outlets in Minnesota did decrease from 7 in 2022 to 5 in 2024. This decrease is attributed to non-renewals, as indicated in another table within Item 20. This means that while no locations shut down entirely, two franchisees chose not to renew their agreements.
Prospective franchisees should consider these trends when evaluating the Minnesota market. While the absence of closures is positive, the non-renewals suggest potential challenges or market dynamics that warrant further investigation. Speaking with current and former franchisees in Minnesota, as suggested in the FDD, could provide valuable insights into these factors.