factual

Besides franchise agreements, what are some examples of services for which Engel & Volkers earns revenue?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

| Accumulated other comprehensive loss | | (173,649) | | (32,377) | | | | Total shareholders' | | 16,644,949 | | 20,834,321 | | | | equity | | | | | | | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 26,822,688 | $ | 26,366,821 | | |

ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

2024 2023 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)

What This Means (2025 FDD)

According to Engel & Volkers' 2025 Franchise Disclosure Document, the company generates revenue not only from franchise agreements but also from other services. These additional revenue streams include fees for the use of certain technologies, which Engel & Volkers provides to its franchisees. Furthermore, Engel & Volkers earns revenue from providing additional training and support beyond what is included in the initial franchise agreement.

Engel & Volkers also generates income from special events and other marketing initiatives that are not part of the standard franchise package. These services are offered to franchisees who may want to enhance their marketing efforts or participate in exclusive events. The revenue from these services is recognized when Engel & Volkers fulfills its obligation by providing the service to the customer. This means that the company accounts for the revenue at the point in time when the benefit of the service is transferred to the franchisee.

In 2024, Engel & Volkers generated $2,664,353 in revenue from these "other services". This indicates that these additional services represent a notable portion of the company's overall revenue. For a prospective franchisee, this highlights the potential for additional costs beyond the standard franchise fees, but also suggests that Engel & Volkers offers a range of support and services that franchisees can utilize to grow their businesses.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.