How many Corcoran outlets opened in Maryland during 2024?
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 |
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 outlet opened in Maryland during 2024. The FDD provides a table outlining the status of franchised outlets from 2022 to 2024, detailing openings, terminations, and other changes across various states. This information is valuable for prospective franchisees to understand the brand's growth and stability in different markets.
Specifically, the table includes data on the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This comprehensive overview helps potential franchisees assess the opportunities and risks associated with investing in a Corcoran franchise in a particular state.
For Maryland, the data shows that there were no Corcoran outlets at the start of 2024, and one outlet was opened during the year, resulting in one outlet at the end of 2024. This indicates a recent expansion of the Corcoran brand into Maryland, which could present an opportunity for early market entry for new franchisees. However, it's essential to further investigate the market conditions and factors contributing to the brand's growth in Maryland to make an informed investment decision.