What was the amount of admission fees collected by Engel & Volkers in 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
e Company's ability to collect on its contracts. The Company disaggregates revenues from contracts with customers by the timing of revenue recognition by type of revenue, as it believes this best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.
Revenues by timing of recognition were as follows during the years ended December 31, 2024, 2023 and 2022:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Poin |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the company collected $377,715 in admission fees during the year 2022. This figure is part of the total revenues that Engel & Volkers generates from its franchise operations. Admission fees, along with franchise royalties and marketing and brand advisor fees, contribute to the overall financial performance of the company.
For a prospective franchisee, understanding the breakdown of Engel & Volkers's revenue streams is crucial. Admission fees represent the initial payments made by new franchisees, while royalties and other fees are ongoing revenues. The amount of admission fees collected can indicate the rate at which Engel & Volkers is expanding its franchise network. A higher number may reflect strong growth, but it's important to consider this in conjunction with other financial metrics to assess the overall health and stability of the franchise system.
It's also worth noting that admission fees are just one component of the total investment required to start an Engel & Volkers franchise. Prospective franchisees should carefully review all the costs involved, including initial franchise fees, startup expenses, and ongoing operational costs, to determine the financial feasibility of the franchise opportunity. Comparing the admission fees and other revenue streams over the three-year period (2022-2024) can provide insights into the consistency and trends in Engel & Volkers's financial performance.