What was the accumulated deficit for Corcoran as of December 31, 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
; and (y) to the extent the laws of the State of California govern the relationship of the parties hereto, Franchisee and its owners, partners, members and/or Shareholders are fully familiar with the provisions of Section 1542 of the Civil Code of the State of California and each expressly waives any and all rights under Section 1542 of the Civil Code of the State of California which provides as follows:
"A General Release does not extend to claims which the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party."
THE PERSON SIGNING THIS ADDENDUM ON BEHALF OF THE FRANCHISEE REPRESENTS AND WARRANTS THAT HE OR SHE IS A DULY APPOINTED OFFICER OR OTHERWISE HAS BEEN AUTHORIZED TO BIND THE FRANCHISEE TO THE TERMS OF THIS ADDENDUM.
| outstanding at December 31, 2024 and December 31, 2023 . . . . . . . . . . . . . . . . . . . . . . . . | ||
|---|---|---|
| Anywhere common stock: $0.01 par value; 400,000,000 shares authorized, 111,261,825 | ||
| shares issued and outstanding at December 31, 2024 and 110,488,093 shares issued and | 1 1 | |
| outstanding at December 31, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,827 4,813 | |
| Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the accumulated deficit as of December 31, 2023, was $(3,091). This figure represents the total losses Corcoran has incurred over its lifetime, which have not yet been offset by profits. It is a key indicator of the company's financial health and past performance.
For a prospective franchisee, a significant accumulated deficit could raise concerns about the financial stability of Corcoran. While not necessarily a deal-breaker, it suggests that the company has historically struggled to achieve profitability. This could impact the resources available to support franchisees, invest in technology, or effectively market the brand.
It is important to note that an accumulated deficit is a snapshot in time and can change. A franchisee should investigate the reasons behind the deficit, the strategies Corcoran is implementing to improve profitability, and the trend of the deficit over recent years. Consulting with a financial advisor to assess the risk is advisable.