What were the total franchised receipts for Corcoran in 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
ber 31, 2024, maturities of lease liabilities by fiscal year were as follows:
| years is as follows: | | | |---|---|---| | Year | Amount | | | 2025 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $490 | | | 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 403 | | | 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | — | | 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | — | | 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 558 | | Supplemental income statement information related to the Company's leases is as follows:
| (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® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total franchised receipts for Corcoran in 2022 were $82,000. The document provides a breakdown of franchised receipts for several real estate brands, including Century 21, ERA, Coldwell Banker, Sotheby’s International Realty, and Better Homes and Gardens Real Estate, in addition to Corcoran. These figures represent the total revenue generated by franchised locations of each brand.
For a prospective Corcoran franchisee, this information offers a glimpse into the brand's performance and its contribution to the overall franchise system. While Corcoran's individual receipts are listed, the document also shows the receipts for other brands under the same parent company, allowing for a comparative analysis. This can help potential franchisees gauge Corcoran's market position relative to its sister brands.
It's important to note that these figures are unaudited and represent only franchised receipts. They do not include revenue from company-owned operations, which are listed separately. A potential franchisee should also consider factors beyond just revenue, such as operating costs, market conditions, and brand recognition, when evaluating the potential profitability of a Corcoran franchise.