How many Counselor Realty outlets were reacquired from franchisees in Minnesota during 2024?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlet Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 | |
| Totals | 2022 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 |
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 outlets reacquired from franchisees in Minnesota during 2024. The provided table in Item 20 of the FDD details the franchise outlet information, showing that under the 'Outlets Reacquired from Franchisee' column for Minnesota in 2024, the number is 0. This indicates that Counselor Realty did not take back any franchised locations in Minnesota during that year.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between Counselor Realty and its franchisees. A high number of reacquired outlets might suggest potential issues with franchisee success or support. The absence of reacquired outlets in Minnesota for 2024 could be interpreted positively, suggesting a stable franchise network in that state.
It is important to note that this data only reflects the situation in Minnesota. Prospective franchisees should review the data for other states and consider the overall trend of reacquired outlets across the entire Counselor Realty system to gain a comprehensive understanding. Additionally, it would be beneficial to inquire with Counselor Realty about the reasons behind any outlet reacquisitions in other states to assess the potential risks and challenges associated with operating a franchise.