How many Counselor Realty outlets were opened in Minnesota during 2024?
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 Counselor Realty outlets opened in the state of Minnesota during 2024. The number of outlets at the start of the year was 5, and the number of outlets at the end of the year remained at 5. This indicates that there were no new openings, terminations, non-renewals or other reasons for ceased operations during that year.
This data point is crucial for prospective franchisees as it provides insight into the recent growth (or lack thereof) of the Counselor Realty franchise system within Minnesota. A lack of new openings could suggest a stable market, a saturated market, or challenges in expanding the franchise within that specific region. It is important to consider this information in conjunction with other factors, such as the number of terminations or non-renewals, to get a comprehensive understanding of the franchise's performance.
While no new Counselor Realty locations opened in Minnesota during 2024, the FDD indicates that Counselor Realty projects opening one new franchised outlet in Minnesota in the next fiscal year. This suggests that Counselor Realty anticipates growth in the state, and a prospective franchisee may want to inquire about the specific location and plans for this new outlet.