How many Corcoran outlets opened in Connecticut during 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
-| | Total Outlets | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 |
STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024 [1]
(Table 3)
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations– Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 6 | 0 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 68–73)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, one Corcoran outlet opened in Connecticut during 2022. The table provided in Item 20 of the FDD details the status of franchised outlets from 2022 to 2024, showing that at the start of 2022, there were no Corcoran outlets in Connecticut. By the end of 2022, one outlet had opened.
This information is valuable for potential franchisees as it provides insight into the brand's growth and presence in specific states. Observing the number of outlets opened, terminated, or ceasing operations can indicate the stability and potential of the franchise in a particular region. For Connecticut, the data shows a modest start with one outlet opening in 2022 and remaining constant through 2024.
Prospective franchisees should consider this data in conjunction with other factors, such as market demographics, local real estate trends, and the level of competition in Connecticut. It's also important to note that past performance does not guarantee future success, and further investigation into the specific circumstances surrounding the opening and operation of the Connecticut outlet would be beneficial. Speaking with the franchisee of the Connecticut location could provide valuable insights into the local market and the challenges and opportunities of operating a Corcoran franchise in that state.
Overall, the data suggests that Connecticut is a relatively new market for Corcoran, with limited historical performance to analyze. Further due diligence and market research are advisable for anyone considering investing in a Corcoran franchise in Connecticut.