As of what date are the numbers set forth in Table No. 2 for Engel & Volkers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| anchise Agreement | Summary | |
|---|---|---|
| w. Choice of law | §26.1 §8.3, Appendix 2 | New York law applies. For sales of goods and services by us, New York law applies. For sales of goods and services by E&V Residential or its af |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the numbers in Table No. 2, which details transfers of outlets from franchisees to new owners, are set forth as of December 31st of each year. This applies to the data presented for the years 2022, 2023, and 2024.
For a prospective Engel & Volkers franchisee, this means that the data provided in Table No. 2 reflects the status of franchise transfers as of the end of each calendar year. This information is updated annually to provide a snapshot of how many existing franchise locations changed ownership during that period.
Understanding the timing of this data is crucial for interpreting the trends in franchise transfers. For example, a high number of transfers in 2023 might warrant further investigation into the reasons behind those changes, while a low number in 2024 could indicate increased stability within the Engel & Volkers franchise system. Franchisees should consider these figures in the context of the overall health and growth of the brand.