factual

Which entity has the exclusive master franchise territory for Engel & Volkers in Florida?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

We have granted exclusive master franchise territories to EV Florida, which has a territory consisting of Florida and E&V Canada which has a territory consisting of Canada. EV Florida and E&V Canada have the exclusive right to grant franchises to own and operate Engel & Völkers Residential Real Estate Brokerages in their respective territories.

In addition, until December 31, 2008 we participated as an equity owner in other companies which we franchised to act as a master franchisee for the residential real estate segment in the U.S. and which were formerly affiliates: Engel & Voelkers Florida Residential LLC ("EV Florida"), which has a territory consisting of Florida, and Engel & Voelkers North East, LLC ("North East"), which had a territory consisting of Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. EV Florida is currently located at 633 Tamiami Trail North, Suite 201, Naples, FL 34102. North East is currently located at 405 Lexington Avenue, 26th Floor, New York, NY 10174. These companies are no longer our affiliates and only EV Florida remains a master franchisee of Engel & Völkers for the residential real estate brokerage segment.

For the real estate brokerage franchise program we grant master franchises and direct franchises in the United States, Canada, Mexico, and certain parts of the Caribbean and the provide services to our master franchisees and direct franchisees regarding the residential property segment consisting of (i) the opportunity to open and operate Engel & Völkers Residential Real Estate Brokerages for the marketing of residential property under the Engel & Völkers trade name, Trademarks and System of operating procedures, including the utilization of a worldwide client platform, and (ii) for our master franchisees, the right to grant subfranchises to third parties to own and operate Residential Real Estate Brokerages using the Engel & Völkers real estate brokerage System (defined below). We offer Franchise Agreements for the operation of Engel & Völkers Residential Real Estate Brokerages in the entire United States with exception of the states in which our master franchisees have been granted exclusive rights to offer Franchise Agreements for the operation of Engel & Völkers Residential Real Estate Brokerages. We currently only have a master license in the state of Florida.

Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–15)

What This Means (2025 FDD)

According to Engel & Volkers's 2025 Franchise Disclosure Document, EV Florida holds the exclusive master franchise territory for the state of Florida. EV Florida has the exclusive right to grant franchises to own and operate Engel & Völkers Residential Real Estate Brokerages within Florida.

It is important to note that Engel & Volkers used to grant master franchises and direct franchises for "Property Shops" until March 2013. Now, the company primarily seeks conversion franchisees already in the residential real estate brokerage business. These franchisees can operate from both retail and non-retail locations.

EV Florida is not currently an affiliate of Engel & Volkers. Engel & Volkers currently only has a master license in the state of Florida.

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.