Based on the 2025 Engel & Volkers Franchise Disclosure Document, there is information regarding amortization expenses for intangible assets and capitalized software through December 31, 2024, along with estimated amortization for the next few years. However, the document does not explicitly state the estimated amortization expense for the year 2027.

Specifically, the FDD mentions that amortization expense on intangible assets was $608,883 for each of the years ended December 31, 2024, 2023 and 2022. There is also a summary of estimated amortization expense for the next five years from December 31, 2024, but the specific amounts for each year are not detailed in the provided excerpts. Additionally, the amortization expense on capitalized software was $1,495,138 for the year ended December 31, 2024. The FDD includes estimated amortization expenses for capitalized software for the next three years from that date, but again, does not specify the exact amount for 2027.

For a prospective Engel & Volkers franchisee, understanding future amortization expenses is crucial for financial planning and forecasting. Since the exact figure for 2027 is not provided, it would be prudent to request this specific information from Engel & Volkers during the due diligence process. This will allow for a more accurate assessment of the franchise's potential profitability and financial obligations.