How many Counselor Realty outlets in Minnesota were opened during 2022?
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, there were no new Counselor Realty outlets opened in Minnesota during 2022. The FDD provides a table outlining the number of outlets opened in Minnesota during 2022, which is listed as 0. At the start of 2022, there were 7 outlets, and by the end of the year, there were still 7, indicating no net change from new openings.
This information is crucial for potential franchisees as it provides insight into the recent growth and activity of the Counselor Realty franchise in Minnesota. A lack of new openings could suggest a stable market, a saturated market, or other factors influencing expansion. It is important to consider this data in conjunction with other factors, such as terminations, non-renewals, and overall market trends, to gain a comprehensive understanding of the franchise's performance in the region.
Prospective franchisees should further investigate the reasons behind the absence of new openings in 2022. This could involve speaking with current franchisees in Minnesota, researching local market conditions, and discussing expansion plans with the franchisor. Understanding the dynamics of the Minnesota market will help potential franchisees assess the opportunities and challenges associated with investing in a Counselor Realty franchise in that state.