What were the total franchised receipts for Corcoran in 2024?
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® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,065 1,071 | 1,035 |
| Better Homes and Gardens® Real Estate . . . . . . . . . . . . . |
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 all brands under the franchisor, including Corcoran, were $17,205 in 2024. This figure encompasses both domestic and international franchised locations. The receipts for Corcoran specifically were $124 in 2024.
It is important to note that this number represents the total receipts for all franchised Corcoran locations, not the revenue for a single franchise. A prospective franchisee should consider this figure in the context of the overall real estate market and the specific location they are considering. The franchisor also reports receipts for previous years, which can provide insight into trends.
Furthermore, the FDD provides receipts for other brands under the same franchisor, such as Century 21, ERA, and Coldwell Banker. Comparing the performance of these different brands might offer a broader understanding of the franchisor's overall market position. However, each brand operates under different models and caters to different market segments, so direct comparisons may not always be appropriate.
In addition to franchised receipts, the FDD also includes receipts from company-owned outlets. While this information does not directly relate to franchised revenue, it can provide a more complete picture of the franchisor's financial performance and business strategy. A potential franchisee may want to analyze both franchised and company-owned receipts to assess the overall health and direction of the Corcoran brand.