How many Counselor Realty outlets were operating in Minnesota at the start of 2024?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 7 | 7 | 0 |
| 2023 | 7 | 5 | -2 | |
| 2024 | 5 | 5 | 0 | |
| Company- | 2022 | 6 | 6 | 0 |
| Owned | ||||
| 2023 | 6 | 6 | 0 | |
| 2024 | 6 | 6 | 0 | |
| Total Outlets | 2022 | 13 | 13 | 0 |
| 2023 | 13 | 11 | -2 | |
| 2024 | 11 | 11 | 0 |
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 6 company-owned Counselor Realty outlets operating in Minnesota at the start of 2024. Additionally, there were 5 franchised Counselor Realty outlets operating in Minnesota at the start of 2024. This makes for a total of 11 Counselor Realty outlets operating in Minnesota at the start of 2024.
It is important to note that while the number of company-owned outlets in Minnesota remained constant at 6 from 2022 through 2024, the number of franchised outlets decreased from 7 in 2022 and 2023 to 5 in 2024. This decrease in franchised outlets could be due to non-renewals, as the table indicates 2 non-renewals in 2023. This could be a point of interest for a prospective franchisee to investigate further.
Overall, the information presented in Item 20 provides a snapshot of Counselor Realty's outlet presence and changes over the past three years. Reviewing this data helps potential franchisees understand the brand's growth, stability, and potential market saturation in specific regions.