Corcoran
Real estate- 2023 Franchise 500 Rank
-
#239 Ranked #297 last year
- Initial investment
-
$53K - $541K
- Units as of 2022
-
151 480.8% over 3 years
Company Overview
About Corcoran
- Industry
- Services (Other)
- Related Categories
- Real Estate
- Founded
- 1973
- Parent Company
- Anywhere Real Estate Inc.
- Leadership
- Stephanie Anton, President
- Corporate Address
-
175 Park Ave.
Madison, NJ 07940
Business Overview
- Franchising Since
- 2019 (2023-2019 years)
- # of employees at HQ
- 141
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 151 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Corcoran franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $5,000 - $25,000
-
Initial Investment
Information Circle - $52,850 - $540,800
-
Net Worth Requirement
Information Circle - $150,000
-
Cash Requirement
Information Circle - $75,000
-
Veteran Incentives
Information Circle - Franchise fee reduced or waived; additional business benefits
-
Royalty Fee
Information Circle - 6-4%
-
Ad Royalty Fee
Information Circle - 1-0.5%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- No
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Corcoran offers in-house financing to cover the following: startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 12 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
-
Are exclusive territories available?
Information Circle - No
Interested in ownership opportunities like Corcoran? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Corcoran landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Corcoran ranked on other franchise lists? Find out below.
Ranked #239 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #70 in 2023
Meet the companies that are leveraging their ability to scale fast across the U.S. and Canada in Entrepreneur's annual fastest-growing franchises ranking.
Ranked #5 in 2023
Want to get in on the ground floor of the next big thing? You might just find it here on our list of the top companies that have been franchising for five years or less.
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