In what state were the company-owned Counselor Realty outlets located during the years 2022-2024?
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, the company-owned outlets were located in Minnesota during the years 2022, 2023, and 2024. The FDD provides a table outlining the status of company-owned outlets for these years, showing that all outlets were in Minnesota. There were six company-owned Counselor Realty outlets at the start of each year (2022, 2023, and 2024), and no outlets were opened, reacquired from franchisees, closed, or sold to franchisees during this period. Consequently, the number of company-owned outlets remained constant at six in Minnesota throughout these three years.
This information is crucial for prospective franchisees as it gives insight into the geographic concentration of Counselor Realty's corporate operations. Knowing that the company-owned outlets are exclusively in Minnesota might suggest that the franchisor has a strong understanding of that particular market. It could also imply that the franchisor's support and resources are primarily geared towards that region.
For a potential franchisee looking to establish a Counselor Realty franchise in a different state, this data highlights the importance of understanding the local real estate market and potentially needing to adapt the business model to suit regional differences. It would be prudent for prospective franchisees outside of Minnesota to engage in thorough due diligence and seek clarification from Counselor Realty regarding the level of support and brand recognition they can expect in their target area.