What is the estimated amount of deferred admission fees that Engel & Volkers expects to recognize 'Thereafter'?

Based on the 2025 Engel & Volkers Franchise Disclosure Document, Item 21 includes a section on financial statements, and within that section, there is disclosure of estimated deferred admission fees expected to be recognized in the next five years and thereafter. However, the specific amounts for each of the next five years and the amount expected 'thereafter' are not provided in the excerpts.

Without these figures, a prospective Engel & Volkers franchisee cannot fully assess the financial projections related to the recognition of these deferred fees. Understanding the timing and amounts of revenue recognition is crucial for evaluating the company's financial health and forecasting future income.

To gain a comprehensive understanding, a potential franchisee should directly request from Engel & Volkers the detailed breakdown of estimated deferred admission fees to be recognized over the next five years and the aggregate amount expected to be recognized thereafter. This information is essential for making an informed investment decision.