How many Corcoran outlets were closed in total during 2023?

According to Corcoran's 2025 Franchise Disclosure Document, a total of 54 Corcoran outlets were closed in 2023. This number is derived from the aggregated data across all states and territories where Corcoran franchises operated during that year. The table provides a year-by-year breakdown of outlet activity, including openings, closures, and transfers. This information is crucial for prospective franchisees to understand the stability and growth trends within the Corcoran franchise system.

Specifically, the table details the number of outlets at the start of the year, any new outlets opened, outlets reacquired from franchisees, the number of outlets closed, outlets sold to franchisees, and the resulting number of outlets at the end of the year. For 2023, the total number of outlets closed is listed as 54. This figure encompasses all closures, regardless of the reason, providing a comprehensive view of franchise terminations within the Corcoran system for that year.

Understanding the number of closures can help potential franchisees assess the risks associated with investing in a Corcoran franchise. While closures can occur for various reasons, a high number may indicate underlying issues within the franchise system, such as lack of profitability, poor support from the franchisor, or market saturation. Therefore, it is essential for prospective franchisees to investigate the reasons behind these closures and evaluate whether they align with their own business goals and risk tolerance.

It is also important to note that this data reflects past performance and may not be indicative of future results. The real estate market is subject to fluctuations, and various factors can influence the success or failure of a franchise. Therefore, potential franchisees should conduct thorough due diligence, including speaking with current and former franchisees, reviewing market trends, and assessing their own financial capabilities before making a decision.