If I receive projections of my future income, who should I report it to at Engel & Volkers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Stuart Siegel or Ulrike Cohen at 430 Park Avenue, 11th Floor, New York, New York, 10022, 212-234-3100, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 71)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, Engel & Volkers does not make any representations about a franchisee's future financial performance, nor do they authorize employees or representatives to make such representations either orally or in writing. However, if you are purchasing an existing outlet, Engel & Volkers may provide you with the actual records of that outlet.
If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management. Specifically, you should contact Stuart Siegel or Ulrike Cohen at 430 Park Avenue, 11th Floor, New York, New York, 10022, 212-234-3100.
In addition to reporting it to Engel & Volkers's management, you should also report such information to the Federal Trade Commission and the appropriate state regulatory agencies. This is to ensure transparency and compliance with franchise regulations.