What was the total consolidated net revenue for Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Franchise | Brokerage | Segment Corporate | Consolidated | |---|---|---|---|---| | | | Group Group Title Group | Total Amounts | Total | | Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . | $4,430 $ 630 $ | 531 $ 5,591 $ | 248 $ 5,839 | | | Capital expenditures . . . . . . . . . . . . . . . . . . . | | | | | | | 28 24 | 7 59 | 13 72 | | | Investment in equity method investees . . . . . | | — 26 | 152 178 | — 178 | | Depreciation and amortization . . . . . . . . . . . . | 114 52 | 12 178 | 18 196 | | (a) Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation.
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(b) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decisi
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total consolidated net revenue for the year ended December 31, 2023, was $5,636. This figure represents the overall revenue generated by Corcoran, after accounting for intersegment revenue eliminations.
For a prospective franchisee, understanding the net revenue is crucial as it provides insight into the overall financial health and performance of Corcoran. It demonstrates the brand's ability to generate income from its various business segments, including franchise operations, owned brokerage groups, and title groups. This number can be used to benchmark against other real estate franchises and assess Corcoran's competitive position in the market.
It's important to note that this consolidated net revenue includes revenues from various sources, not just franchise sales. A franchisee should investigate further to understand how much of this revenue is attributable to the franchise segment and how the franchisor supports its franchisees in generating revenue. Additionally, comparing the net revenues across multiple years (2022, 2023, and 2024) can reveal trends in Corcoran's financial performance, offering a more comprehensive view of its stability and growth potential.