What were the total company-owned receipts for Corcoran in 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| (Unaudited) | ||
|---|---|---|
| 2024 2023 | 2022 | |
| Franchised (domestic and international): | ||
| Century 21® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 10,986 11,972 | 13,611 |
| ERA® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,291 2,395 | 2,407 |
| Coldwell Banker® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,145 2,140 | 2,100 |
| Coldwell Banker Commercial® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 208 | 189 171 |
| Sotheby’s International Realty® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,065 1,071 | 1,035 |
| Better Homes and Gardens® Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| 386 | 440 418 | |
| Corcoran® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| 124 | 96 82 | |
| Total Franchised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 17,205 18,303 | 19,824 |
| Company owned: | ||
| Coldwell Banker® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 506 | 551 606 |
| Sotheby’s International Realty® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 44 | 44 44 |
| Corcoran® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 25 | 28 29 |
| Total Company Owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 575 | 623 679 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total receipts for company-owned Corcoran outlets in 2023 were $28,000. This figure represents the gross revenue generated by Corcoran's company-owned operations, not franchised locations. A prospective franchisee can use this information to benchmark their own potential revenue against the performance of company-owned outlets. It is important to consider that company-owned outlets may have different operating costs, marketing budgets, and location advantages compared to franchised locations.
It is also useful to compare the receipts of company-owned Corcoran locations with those of franchised locations. In 2023, franchised Corcoran locations generated $96,000 in receipts, significantly more than the $28,000 generated by company-owned locations. This disparity could be due to a variety of factors, such as the number of franchised locations, their geographic distribution, or the maturity of their operations. A potential franchisee should investigate these factors to understand the dynamics of revenue generation within the Corcoran franchise system.
When evaluating this data, it's important to consider that the receipts are unaudited, meaning they have not been independently verified by an accounting firm. While this is common in franchise disclosure documents, prospective franchisees should still exercise due diligence and seek professional financial advice to assess the reliability of the figures. Understanding the revenue performance of both company-owned and franchised locations can help a potential franchisee make a more informed decision about investing in a Corcoran franchise.
Finally, the receipts data is presented alongside figures for other real estate brands under the Anywhere umbrella, such as Coldwell Banker and Sotheby's International Realty. This broader context allows potential franchisees to compare Corcoran's performance against other established brands in the real estate sector. While Corcoran's company-owned receipts are relatively modest compared to some of these larger brands, the franchise system may offer other advantages, such as a strong brand reputation or specialized market positioning.