How many Counselor Realty outlets were operating in Minnesota at the end of 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 5 franchised outlets operating in Minnesota at the end of 2023. At the start of 2023, there were 7 outlets. During 2023, there were 0 outlets opened, 2 terminations, 0 non-renewals, 0 outlets reacquired by the franchisor, and 0 ceased operations for other reasons. This resulted in 5 outlets at the end of the year.
For a prospective franchisee, this data indicates a net decrease of 2 outlets in Minnesota during 2023. This could be due to various factors, such as market conditions, franchisee performance, or other issues. It is important to investigate the reasons behind these closures to assess the stability and potential of the Counselor Realty franchise in Minnesota.
It is also worth noting that the FDD includes a list of franchisees as Exhibit C, which provides contact information for current and former franchisees. This can be a valuable resource for prospective franchisees to gather insights and information about the franchise system. However, the FDD also mentions that some franchisees may have signed provisions restricting their ability to speak openly about their experiences, so it is important to be aware of this limitation when conducting due diligence.