What were the total franchised 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 |
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 2023 were $96,000. This figure represents the revenue generated by all Corcoran franchises, both domestic and international, during that year. This information is unaudited.
For a prospective franchisee, this number provides insight into the brand's overall performance and revenue generation capabilities within its franchise network. While this number is relatively small compared to other real estate brands listed in the table, it is important to consider the size and scope of the Corcoran franchise system when evaluating this data. The franchisor also lists receipts for Century 21, ERA, Coldwell Banker, and Sotheby's International Realty.
It's also worth noting that the franchised receipts for Corcoran have increased from $82,000 in 2022 to $96,000 in 2023, indicating a positive trend in revenue growth for the brand's franchise operations. This growth could be attributed to various factors, such as an increase in the number of franchised locations, improved sales performance at existing locations, or a combination of both. The franchised receipts increased to $124,000 in 2024.
However, prospective franchisees should conduct further due diligence to understand the factors driving this growth and assess whether it is sustainable in the long term. Additionally, they should compare Corcoran's franchised receipts to those of other real estate franchises to benchmark its performance and evaluate its competitive positioning in the market.