What is the estimated range for supply costs for an Engel & Volkers start-up real estate brokerage?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ill have to bear all costs related to this event. We estimate that these costs would range from $5,000 to $25,000.
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- We recommend that you buy certain basic marketing materials for your Engel & Völkers Residential Real Estate Brokerage, consisting of items such as business cards, stationary, brochures and branded dishes, pens, note pads, giveaways etc. You will decide what you want to buy.
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- We recommend that you have additional funds available during the start-up phase of your franchised business.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
Based on Engel & Volkers' 2025 Franchise Disclosure Document, while there isn't a specific estimated range for supply costs, the document does recommend that franchisees buy certain basic marketing materials such as business cards, stationery, brochures, and branded items like dishes, pens, and notepads. The franchisee ultimately decides what they want to purchase for their Engel & Volkers brokerage.
The FDD also states that franchisees may purchase any type of supplies or materials they deem necessary to operate their franchised business efficiently. Items that are not mentioned in the specifications (e.g., copy machine or printers) can be any type the franchisee prefers, giving them flexibility in choosing equipment and supplies.
Given the lack of a specified range, a prospective Engel & Volkers franchisee should discuss typical supply costs with existing franchisees during their due diligence. They should also consider the scale of their planned operations and marketing activities to estimate their potential expenses for these items. It's important to factor in these variable costs when planning the initial investment and ongoing operational budget.