Where is the approved location for the Engel & Volkers franchise specified?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.4 The Franchisee: Franchisee wishes to be franchised the right to use the ENGEL & VÖLKERS System to operate a residential real estate brokerage and franchised business under this Agreement (the franchised "Business") at and only at the approved location specified in Appendix 1 (hereinafter called the "Approved Location"). If, as of the date of this Agreement, the Approved Location has not yet been determined, then it shall thereafter be determined in accordance with Section 3.1 and, upon determination, inserted into Appendix 1. Franchisor is prepared to grant Franchisee, at its request, a franchise to use the ENGEL & VÖLKERS System to operate a residential real estate brokerage at the Approved Location and to use commercially reasonable efforts to support Franchisee.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the approved location for the franchise is specified in Appendix 1 of the Franchise Agreement. The Franchise Agreement grants the franchisee the right to operate a residential real estate brokerage under the Engel & Volkers system at this approved location. If the approved location has not been determined by the date of the agreement, it will be determined later according to Section 3.1 of the agreement and then added to Appendix 1.
The franchisee is expected to conduct their own independent investigation of the business risks, market conditions, and competitive factors before entering into the agreement. Engel & Volkers grants the franchise to use its system to operate a real estate brokerage at the approved location and will provide support to the franchisee.
Additionally, Engel & Volkers may grant franchisees the right to operate an additional location within the Protected Area for administrative and support personnel. This Limited Purpose Administrative Location is subject to the terms of the Administrative Location Addendum and the Franchise Agreement. The Administrative Location does not replace the obligation to operate an Approved Location as set forth in the Franchise Agreement, and the franchisee may not relocate the Administrative Location without prior written consent from Engel & Volkers.