What is an Engel & Volkers franchisee required to do regarding their agreement with the New Development when operating a Limited Purpose Sales Location?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3. Design. The Limited Purpose Sales Location interior and exterior design must be in accordance with the requirements of the New Development for the operation of such on-site sales presence and must also comply with the authorized use of the Trademarks and the System Documentation, as may be amended from time to time. Franchisee shall bear the full cost of constructing, remodeling, and equipping its Limited Purpose Sales Location, as applicable.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to the 2025 Engel & Volkers Franchise Disclosure Document, when operating a Limited Purpose Sales Location, the interior and exterior design must align with the requirements specified by the New Development. These designs must also comply with the authorized use of Engel & Volkers' trademarks and system documentation, which may be updated periodically.
The Engel & Volkers franchisee is responsible for covering all expenses related to constructing, remodeling, and equipping the Limited Purpose Sales Location to meet these design and operational standards. This ensures that the sales location maintains a consistent brand image and operational effectiveness as dictated by both Engel & Volkers and the New Development.
This requirement highlights the importance of understanding and adhering to the design and operational guidelines set forth by both Engel & Volkers and the New Development. Prospective franchisees should carefully review these requirements and factor in the potential costs associated with meeting these standards when considering opening a Limited Purpose Sales Location.