What was the net income for Counselor Realty in 2022?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues | |||
| Monthly franchise fees | $ 57,634 | $ 63,751 | $ 73,235 |
| Monthly metro advertising fees | 3,480 | 2,880 | 3,600 |
| Other income | 9,432 | 2,748 | 1,447 |
| Total revenues | 70,546 | 69,379 | 78,282 |
| Expenses | 74,513 | 78,252 | 61,402 |
| Income (loss) before income taxes | (3,967) | (8,873) | 16,880 |
| Provision for Income Taxes | - | - | 5,100 |
| Net income (loss) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company's net income for the year 2022 was $11,780. This figure represents the profit Counselor Realty retained after deducting all expenses, including a provision for income taxes of $5,100, from its total revenues of $78,282 for that year.
For a prospective franchisee, this net income figure provides a glimpse into the financial performance of Counselor Realty. It's important to note that this is the franchisor's net income, not the potential income of a franchisee. The franchisee's income will depend on their individual business operations, local market conditions, and their ability to manage expenses and generate revenue.
It is also important to consider the trend in Counselor Realty's net income over the years presented in the FDD. While the company had a net income in 2022, it experienced net losses in 2023 and 2024. Reviewing these trends can offer a more comprehensive understanding of the franchisor's financial stability and performance. A prospective franchisee should investigate the reasons for these fluctuations and how they might impact the support and services Counselor Realty can provide.
Furthermore, the FDD indicates that Counselor Realty's revenues are primarily derived from monthly franchise fees and metro advertising fees. In 2022, monthly franchise fees amounted to $73,235, and monthly metro advertising fees contributed $3,600. Understanding the sources of the franchisor's revenue can help a franchisee assess the alignment of their own business model with that of the franchisor.