How many Counselor Realty outlets were reacquired from franchisees in Minnesota 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 the 2025 FDD, Counselor Realty did not reacquire any outlets from franchisees in Minnesota during 2023. The provided table shows that under the column 'Outlets Reacquired from Franchisee' the value is 0 for the year 2023 in Minnesota. This indicates that Counselor Realty did not take back any franchised locations in that state during that year.
This information is relevant for prospective franchisees as it provides insight into the stability of existing franchises and the likelihood of Counselor Realty needing to reacquire locations. A high number of reacquired franchises could indicate underlying issues with franchise performance or franchisee relations. The absence of reacquired franchises in Minnesota for 2023 suggests a stable franchise environment in that state.
It is important to note that this data only reflects reacquired franchises and does not account for other types of franchise terminations or non-renewals. While no franchises were reacquired, the FDD excerpt also indicates that the number of Counselor Realty outlets in Minnesota decreased from 7 to 5 between 2022 and 2023. This decrease was due to 2 non-renewals. Therefore, prospective franchisees should also consider these factors when evaluating the overall health and stability of the Counselor Realty franchise system.