Corcoran Franchise FDD, Profits & Costs (2025)
Corcoran is a well-established real estate franchise that traces its roots back to 1973, when Barbara Corcoran founded the brand on Manhattan’s Upper East Side. Today, the company operates from its headquarters in Madison, New Jersey, under the umbrella of Anywhere Real Estate Inc.
After years of organic growth as a leading boutique brokerage, Corcoran entered the franchising arena in January 2019. Its services span residential sales and rentals, comprehensive market research, and high-end property marketing.
The brand distinguishes itself through its focus on luxury real estate, combining deep local expertise with a strong global presence. Corcoran’s business model centers on building authentic client relationships and leveraging innovative marketing tools to deliver premium service experiences.
With its legacy of excellence and a modern, well-structured franchise system, Corcoran remains one of the most respected names in real estate. Its reputation for professionalism and quality continues to attract elite agents and entrepreneurs seeking to join a trusted and influential network.
Initial Investment
How much does it cost to start a Corcoran franchise? It costs on average between $138,000 – $545,000 to start a Corcoran franchised facility.
This includes expenses related to office setup, technology systems, furnishings, and initial business operations. The total investment varies based on several factors, such as the size and location of the real estate office, local market conditions, and whether the franchisee decides to lease or buy the premises.
| Type of Expenditure | Amount |
|---|---|
| Facility and Space Planning | $9,000 – $17,500 |
| Furnishings and Communications Equipment | $27,000 – $87,500 |
| Security and Other Deposits | $7,500 – $17,700 |
| Prepaid Business Expenses | $3,000 – $4,600 |
| Additional Funds (first 3 months after opening) | $35,000 – $60,000 |
| Total Additional Cost for New Start-Up Office | $81,500 – $187,300 |
| Total Initial Investment for Conversion Office | $56,050 – $358,100 |
| Total Investment for New Start-Up Office | $137,550 – $545,400 |
Corcoran Franchise Disclosure Document
Frequently Asked Questions
How many Corcoran locations are there?
As of the most recent data, Corcoran operates approximately 134 offices across the United States.
What is the total investment required to open a Corcoran franchise?
The total investment required to open a Corcoran franchise ranges from $138,000 to $545,000.
What are the ongoing fees for a Corcoran franchise?
Corcoran franchisees pay an ongoing royalty fee of about 6% of their gross revenue. In addition, they contribute to a marketing and advertising fund, which is generally around 1% of gross revenue but may be reduced to approximately 0.5% once certain sales volume levels are achieved.
Who owns Corcoran?
The franchise is owned by Anywhere Real Estate Inc., a leading global provider of residential real estate services.
Disclaimer
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