According to Engel & Volkers' 2025 Franchise Disclosure Document, the net property and equipment for 2024 was $379,986. This figure represents the value of Engel & Volkers' physical assets, such as office equipment, furniture, fixtures, and leasehold improvements, after accounting for accumulated depreciation and amortization. In comparison, the net property and equipment for 2023 was $541,881, indicating a decrease in the net value of these assets year over year.

The detailed breakdown of property and equipment shows that in 2024, office equipment was valued at $368,454, furniture and fixtures at $570,782, and leasehold improvements at $935,553, totaling $1,874,789 before deductions. Accumulated depreciation and amortization reduced this total by $1,494,803, resulting in the net value of $379,986. These figures are important for prospective franchisees to understand the tangible assets Engel & Volkers possesses and how they depreciate over time, impacting the company's overall financial health.

Understanding the composition and net value of Engel & Volkers' property and equipment can provide insights into the company's investment in its physical infrastructure and its approach to asset management. The decrease in net property and equipment from 2023 to 2024 could be due to increased depreciation, asset disposal, or a reduction in capital expenditures. A prospective franchisee may want to inquire about the reasons for this change and Engel & Volkers' plans for future investments in property and equipment.