Corcoran is a real estate brokerage franchise requiring significant owner involvement in day-to-day operations. The franchise offers conversion opportunities for existing real estate offices that meet specific criteria related to average selling prices. Investment ranges from $56K-$358K for conversion offices and up to $545K for start-ups. The royalty structure starts at 6% but decreases as gross revenue increases, with BMF contributions starting at 1%. Notable concerns include no territorial protection, no renewal rights, and significant ongoing litigation including antitrust class actions. The system has shown growth from 105 units in 2022 to 134 in 2024, but franchisees should carefully evaluate the competitive landscape and legal risks.
Generated from 2024 Franchise Disclosure Document
AI-generated from FDD analysis — use as a checklist with your attorney
Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
Similar to Corcoran Real Estate in category and investment range