Is Grund Genug Verlag an approved supplier for Engel & Volkers franchisees?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We currently require that you purchase from us, one of our affiliates, or suppliers approved by us, certain marketing materials, including pens, printed materials and brochures that feature the Trademarks. As discussed below, you will have to place advertisements within the GG Magazines from Grund Genug Verlag. However, if we grant you a franchise to operate multiple Approved Locations, you must place at least 1 full page advertisement per year for the first and second Approved Location, at least 1 additional full page advertisement per year for the third and fourth Approved Location and at least 1 additional advertisement per year for five or subsequent Approved Location, for a maximum of 3 required ads per year total. This number may vary in future. See Item 11. We reserve the right to designate one or more third parties, ourselves or an affiliate to supply you with certain categories of other goods or services. Currently, Grund Genug Verlag is an approved supplier. At this time, there are no other approved suppliers.
We reserve the right to re-inspect, at any time, the products and/or services of any approved Supplier and to revoke the approval upon the Supplier's failure to continue to meet any of our then-current criteria.
If we designate or approve a supplier, you may purchase the categories of products or services using the Trademarks from Suppliers so designated, however, you may also purchase certain products and services using the Trademarks from other suppliers, as long as they are approved by us. We are not the only approved supplier for any category of goods or services. Our affiliate Grund Genug Verlag is the only approved supplier of GG Magazine as described above.
If you propose to contract for or purchase products or services from any supplier that we have not previously designated or approved, you must notify us in writing and submit to us all information, specifications and samples that we request. Any products or services from Suppliers must meet the Engel & Völkers standards. The System Documentation contains guidelines, templates and specifications that are modified by us periodically. We will approve any products or services based on samples that have been provided to us. We reserve the right to require that samples from the proposed Supplier be delivered to us or our designated testing facility for evaluation and testing. We will have sole discretion as to whether or not to approve any supplier. Approval of a Supplier of any products or services must be made by us in writing and may also be conditioned on requirements
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 38–40)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, Grund Genug Verlag is currently an approved supplier. Specifically, franchisees are required to place advertisements in GG Magazines from Grund Genug Verlag. If a franchisee operates multiple approved locations, they must place at least one full-page advertisement per year for the first and second locations. For the third and fourth locations, they must place at least one additional full-page advertisement per year. For five or more approved locations, they must place at least one additional advertisement per year, with a maximum of three required ads per year in total. This number may vary in the future. Engel & Volkers reserves the right to designate or approve other third-party suppliers. However, Grund Genug Verlag is the only approved supplier of GG Magazine.
Engel & Volkers retains the right to re-inspect the products and/or services of any approved supplier and can revoke approval if the supplier fails to meet their current criteria. Engel & Volkers or its affiliates may also receive profits, payments, rebates, discounts, or other allowances based on franchisee purchases from approved suppliers, which they retain without any obligation to provide benefits to the franchisee.
If a franchisee wishes to use a supplier not already approved, they must notify Engel & Volkers in writing and submit all requested information, specifications, and samples. The products or services from these suppliers must meet Engel & Volkers' standards, as outlined in the System Documentation. Engel & Volkers will make the final decision on supplier approval, which must be in writing and may be conditional. Franchisees will be notified of the decision within four weeks of submitting all required materials. If Engel & Volkers does not respond within four weeks, the supplier is deemed approved. There is no fee for requesting supplier approval.