Why USA vs Corcoran Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Why USA vs Corcoran including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Why USA Franchise
Corcoran Franchise
Investment $17,000 - $103,400$52,850 - $520,500
Franchise Fee N/A$35,000
Royalty Fee Varies6%
Advertising Fee -0.5%-1%
Year Founded 19882015
Year Franchised 19892019
Term Of Agreement 3 years-
Term Of Agreement 3 years-
Renewal Fee --


Business Experience Requirements
 
Why USA Franchise
Corcoran Franchise
Experience --

Financing Options
 
Why USA Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Why USA Franchise
Corcoran Franchise
Training 2 conferences per year, monthly tele-conferences-
Support Meetings, Internet, Field operations/evaluations-
Marketing Co-op advertising, Ad slicks-
Operations 5% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 2

Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

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Expansion Plans
 
Why USA Franchise
Corcoran Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion NoYes

Company Overviews

About Why USA

Why USA was founded in 1988 and began franchising in 1989. The company utilizes a flat-fee commission system as well as its own sales program. It now has locations throughout the United States and is based in Cedar Rapids, Iowa.

About Corcoran

"Corcoran

Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve,  Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.

The total investment necessary to begin operation of a Corcoran® franchise is approximately $52,850 to $333,200 for a conversion real estate office, and $134,350 to $520,500 for a start-up real estate office. This includes $5,000 to $35,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential conversion or start-up franchise is $35,000 for the Main Office and $10,000 for each additional Branch Office.