What is the estimated amount of deferred admission fees that Engel & Volkers expects to recognize in 2025?
Engel_Volkers Franchise · 2025 FDDAnswer 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)
Based on the 2025 Engel & Volkers Franchise Disclosure Document, there is no explicit projection for deferred admission fees to be recognized in 2025. However, the FDD does provide information on admission fees recognized in previous years.
Specifically, the document includes a table showing franchise revenues for 2024, 2023, and 2022. In 2024, Engel & Volkers recognized $399,828 in admission fees, while in 2023, the recognized amount was $440,642, and in 2022, it was $377,715. These figures reflect the actual admission fees recognized as revenue during those years.
While the FDD does not provide a forward-looking estimate for 2025, a prospective franchisee can review the historical data from 2022-2024 to understand the recent trend in admission fee recognition. To gain further clarity, it would be prudent for a potential franchisee to directly ask Engel & Volkers about their projected admission fee recognition for 2025 and the methodology used to forecast these figures. Understanding the franchisor's expectations and forecasting methods can help a franchisee assess potential revenue streams and financial planning.