What is the range for the initial franchise fee for a Corcoran franchise?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Franchise Fee [3] | $5,000 - $25,000 | Lump sum or financed | Upon signing the Franchise Agreement | To us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 34–40)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the initial franchise fee ranges from $5,000 to $25,000. This fee is payable in a lump sum or may be financed, and it is due upon signing the Franchise Agreement. However, Corcoran retains the right to reduce or even waive this initial franchise fee for eligible franchisees through their franchise sales incentive program. As of the issuance date of the FDD, the initial franchise fee for a Main Office may be waived under this program.
It's important to note that while the initial franchise fee may be reduced or waived, other initial investment costs will still apply. These costs can include real estate, leasehold improvements, signage, and other expenses necessary to start and operate the franchise. Prospective franchisees should carefully review Item 7 of the FDD, which provides a detailed breakdown of all estimated initial investment costs.
For a Main Office, the initial franchise fee is $25,000, while for a Branch Office, it is $10,000. A Limited Purpose Office has a one-time fee of $2,000. These fees are negotiable by Corcoran, and they may vary or be reduced at their discretion. Given the potential for negotiation or waiver of the initial franchise fee, prospective franchisees should discuss these options with Corcoran during the franchise application process.