What were the total company-owned receipts for Corcoran in 2024?
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 receipts for company-owned Corcoran outlets in 2024 were $25,000. The FDD also provides figures for 2023 and 2022, which were $28,000 and $29,000 respectively. These figures are part of a larger table that includes receipts for other brands under the Anywhere Real Estate Inc. umbrella, such as Coldwell Banker and Sotheby's International Realty.
It is important to note that these figures represent the receipts for company-owned outlets only and do not include receipts from franchised locations. A prospective franchisee should consider this information in the context of the overall financial performance of Corcoran and the real estate market trends. Understanding the revenue generated by company-owned stores can provide insight into the brand's performance and market position.
When evaluating this data, it's crucial to consider factors such as market conditions, geographic locations of company-owned stores, and any specific events that may have influenced revenue during these years. Comparing these figures with those of other real estate franchises can also provide a benchmark for assessing Corcoran's performance. A potential franchisee should also investigate the reasons behind the decrease in receipts from 2022 to 2024 for company-owned Corcoran locations.
In summary, the $25,000 in receipts for company-owned Corcoran outlets in 2024 is a specific data point that should be analyzed as part of a comprehensive due diligence process. This includes comparing the figure to previous years, understanding the broader market context, and evaluating the performance of both company-owned and franchised locations.