What do the additional launch expenses for a Corcoran franchise include?

According to Corcoran's 2025 Franchise Disclosure Document, additional launch expenses include costs for a launch event and launch advertisements. For a start-up Corcoran franchise, there are several other potential costs to consider. These include fees for office design and planning services, which can vary based on the franchisee's needs, geographic location, and office size. The FDD estimates these costs based on an office space of 1,800 to 3,500 square feet accommodating up to 30 people.

Additional expenses for a start-up franchise also encompass furnishings, communications equipment, deposits for rent and utilities, and various license fees. The document specifies that leasehold deposits and monthly rental costs could exceed the provided estimates depending on the location. Furthermore, as a start-up, Corcoran estimates that franchisees should have between $50,000 and $100,000 in working capital available during the first three months of operation, in addition to the other estimated initial investments. This figure excludes personal or living expenses and debt service payments.

For franchisees converting an existing real estate brokerage to a Corcoran franchise, additional costs may include real estate, leasehold improvements, and building signs. The FDD provides estimated ranges for these costs: real estate ($0 - $20,800), leasehold improvements ($0 - $105,000), and building signs ($700 - $20,000). Other potential expenses include yard signs, open house signs, name badges, printed materials, and insurance, with varying estimated costs for each item. These expenses are typically due within 30 to 60 days of signing the Franchise Agreement and are paid to suppliers or landlords.