How many Corcoran outlets opened in Virginia 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, there were 10 Corcoran outlets opened in Virginia during 2024. The table provided in Item 20 of the FDD details the status of franchised outlets from 2022 to 2024, broken down by state. This information is crucial for prospective franchisees to understand the brand's growth and presence in specific regions.
The data shows that at the start of 2024, there were no Corcoran outlets in Virginia. However, by the end of the year, 10 new outlets had opened. This indicates a significant expansion of the Corcoran brand within Virginia during that year. There were no terminations, non-renewals, re acquisitions by the franchisor or ceased operations listed for Virginia during 2024.
For a potential franchisee, this information suggests a growing market for Corcoran in Virginia. It could be interpreted as a positive sign, indicating that the brand is gaining traction and that there may be opportunities for further expansion in the state. However, it's also important to consider factors such as market saturation and competition before making a decision.