How many Corcoran outlets closed in Massachusetts during 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
--|---|---|---|---| | Florida | 2022 | 5 | 2 | 0 | 0 | 0 | 7 | | | 2023 | 7 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 0 | 0 | 0 | 0 | 7 | | State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | |---|---|---|---|---|---|---|---| | New York | 2022 | 23 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, there were 4 Corcoran outlets that closed in Massachusetts during 2023. At the start of 2023, there were 48 outlets, and after 4 closures, the year ended with 44 outlets in Massachusetts.
Tracking outlet closures is essential for prospective franchisees as it can be an indicator of the brand's performance and stability in a particular region. High closure rates could signal market saturation, management issues, or other challenges that might affect the success of a new franchise.
It is also important to consider the reasons behind these closures. While the FDD provides data on the number of closures, it does not detail the specific causes. A prospective franchisee should inquire with Corcoran about the reasons for these closures to better assess the risks and opportunities associated with opening a franchise in Massachusetts.