How many Corcoran outlets were terminated in Ohio during 2023?
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 |
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 six terminations of Corcoran outlets in Ohio during 2023. The table provided in Item 20 of the FDD details the number of outlet terminations, non-renewals, re acquisitions by the franchisor, and instances of ceased operations for other reasons. This data is broken down by state and year, offering a clear view of franchise activity across different regions.
Specifically for Ohio in 2023, the table shows that there were six terminations. This means that six Corcoran franchise locations in Ohio had their franchise agreements ended during that year. This could be due to a variety of reasons, such as the franchisee deciding to leave the system, failure to meet performance standards, or other breaches of the franchise agreement.
It is important to note that while there were six terminations in Ohio during 2023, there were zero outlets at the start of the year and zero outlets at the end of the year. This suggests that Corcoran may have been restructuring its presence in Ohio during that time. A prospective franchisee should investigate the reasons behind these terminations to understand the market dynamics in Ohio and the potential challenges and opportunities in that state.