How many Counselor Realty outlets in Minnesota were terminated 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, there were zero terminations of Counselor Realty outlets in Minnesota during 2023. The FDD provides a table outlining the status of outlets, including terminations, for the years 2022, 2023, and 2024.
Specifically, the table shows that in 2023, there were 7 outlets at the start of the year and 5 at the end of the year. There were no outlets opened, and zero terminations. However, there were two non-renewals during that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Counselor Realty franchises. A high number of terminations could indicate issues with the franchise system, while a low number, as is the case here, suggests a more stable and successful network.