How many Corcoran outlets closed in Missouri 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 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, there were 3 Corcoran outlets that closed in Missouri during 2023. At the start of 2023, there were 13 outlets, and by the end of the year, there were 10. No outlets were opened or reacquired from franchisees during that year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Corcoran franchises in Missouri. A decrease in the number of outlets could indicate challenges within the market, such as increased competition, changing consumer preferences, or economic factors affecting real estate sales.
It is important to note that while the FDD provides data on outlet closures, it does not offer specific reasons for these closures. A prospective franchisee should investigate further to understand the factors contributing to these closures and assess the overall health and potential of the Corcoran franchise in the Missouri market. Understanding the reasons behind closures can help a franchisee make informed decisions and develop strategies to mitigate similar risks.