What was the net income (loss) for Counselor Realty in 2024?
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 experienced a net loss of $3,967 in 2024. This figure is derived from the financial statements included in the FDD, which provide a detailed overview of the company's financial performance over the past three years. Reviewing these statements allows potential franchisees to assess the financial health and stability of Counselor Realty.
It's important to note that Counselor Realty's net income has fluctuated over the three-year period presented in the FDD. While the company experienced a net loss in 2024 and 2023 ($8,873), it reported a net income of $11,780 in 2022. These fluctuations can be influenced by various factors, including changes in revenue, operating expenses, and market conditions. A prospective franchisee should investigate the reasons behind these changes to gain a better understanding of the company's financial trends.
When evaluating a franchise opportunity, it is common practice to review the franchisor's financial statements for several years to identify trends and assess financial stability. While a single year's loss is not necessarily a cause for alarm, consistent losses or significant fluctuations in income should prompt further investigation. Understanding the factors that contribute to these financial results can help a potential franchisee make an informed decision about investing in a Counselor Realty franchise.
Prospective franchisees should also compare Counselor Realty's financial performance to that of other similar franchises in the real estate industry. This comparative analysis can provide valuable insights into Counselor Realty's competitive position and overall financial health. Additionally, it is advisable to consult with a financial advisor to thoroughly review the FDD and financial statements before making any investment decisions.