How many total company-owned Counselor Realty outlets were sold to franchisees during 2023?
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, in the state of Minnesota, there were zero company-owned outlets sold to franchisees during 2023. The table provided in the FDD details the status of company-owned outlets, specifically focusing on those located in Minnesota.
This information is relevant for prospective franchisees as it provides insight into the company's strategy regarding company-owned store conversions. A franchisee might be interested to know if Counselor Realty actively sells its existing company-owned stores to new franchisees, as this could represent an opportunity for acquiring an established business rather than starting from scratch.
However, the data provided only covers the state of Minnesota. To get a complete picture, a potential franchisee should inquire whether this is representative of Counselor Realty's practices in other states as well, or if there are specific plans to sell company-owned stores in other regions. Understanding the broader strategy would allow for a more informed decision about investing in a Counselor Realty franchise.