What factors influence the actual travel costs for Engel & Volkers training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
You must pay costs for travel for yourself and your brokerage manager.
Training will be conducted virtually via a web-based platform or at a location in the United States, or virtually via web-based platform, as we may designate in our sole business judgment from time to time.
Your actual costs will vary, depending on whether training is conducted virtually or on-site, the distance to be traveled, the method of travel, and personal circumstances.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, franchisees must cover travel costs for themselves and their brokerage manager to attend training. The actual amount spent on travel and accommodation can vary significantly based on several factors. These include whether the training is conducted virtually or in person at a designated Engel & Volkers location within the United States.
The distance to the training location is a primary driver of cost, as longer distances will typically result in higher transportation expenses. The method of travel chosen (e.g., air travel, driving) also impacts the overall cost, with air travel generally being more expensive than driving, but potentially saving time. Personal circumstances, such as preferred accommodation type and spending habits, will further influence the total expenditure.
Prospective Engel & Volkers franchisees should consider these variables when budgeting for their initial investment. The FDD estimates that travel and accommodation expenses while training can range from $5,000 to $10,000. However, this is just an estimate, and actual costs could be higher or lower depending on the choices made regarding location, travel, and accommodation. It is important to note that these expenses are paid to independent vendors, not directly to Engel & Volkers.