How many Counselor Realty outlets in Minnesota were opened 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 |
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 2023. 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. This indicates that while there were no new openings, neither were there any closures, re acquisitions, or sales to franchisees during that year.
For a prospective franchisee, this data point indicates market stability in Minnesota. It suggests that the existing Counselor Realty locations are well-established. However, the lack of growth could also signal limited opportunities for expansion within the state.
It's important to note that while no new outlets opened, two terminations occurred, reducing the total number of franchised outlets from seven to five. This could be a point of concern, and further investigation into the reasons for these terminations would be advisable for anyone considering a Counselor Realty franchise in Minnesota.