How many Counselor Realty outlets in Minnesota had their agreements not renewed during 2023?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlet Opened | Terminations | Non- renewals | Reacquired by Franchisor | Ceased Opera- tions Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 0 | 0 | 2 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Totals | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 0 | 0 | 2 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
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, two franchise agreements in Minnesota were not renewed during 2023. The FDD provides a table summarizing outlet data by state and year.
Specifically, the table shows that Counselor Realty had seven outlets in Minnesota at the start of 2023. During that year, there were zero outlet openings, zero terminations, and two non-renewals. This resulted in Counselor Realty having five outlets in Minnesota at the end of 2023.
For a prospective franchisee, this data indicates the recent history of franchise non-renewals within the Counselor Realty system in Minnesota. It is important to investigate the reasons behind non-renewals to understand potential challenges or market conditions in that specific region. Reviewing Exhibit C, as referenced in the FDD, may provide additional details on franchisees who have left the system.