Corcoran
Real estate- 2023 Franchise 500 Rank
-
#239Ranked #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 |
Social | Facebook,Twitter,LinkedIn,Instagram,YouTube,Pinterest |
Business Overview
Franchising Since | 2019(4 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 |
$5,000 - $25,000 |
---|---|
Initial Investment |
$52,850 - $540,800 |
Net Worth Requirement |
$150,000 |
Cash Requirement |
$75,000 |
Veteran Incentives |
Franchise fee reduced or waived; additional business benefits |
Royalty Fee |
6-4% |
Ad Royalty Fee |
1-0.5% |
Term of Agreement |
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 |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
No |
Franchise 500 Ranking History
Compare where Corcoran landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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