What is the lowest estimated cost for Engel & Volkers Engage Training for an Engel & Volkers franchise, and what does it cover?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchise Agreement. The Initial Franchise Fee and the Limited Purpose Location Fee are not refundable. See Item 5.
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- The low estimate is for providing the Engel & Völkers Engage Training to one staff member ($98) and to 3 sales advisors ($98 per person) and for providing SPT Training to one staff member ($298). The high estimate includes SPT Training for 2 staff members and in-person Engel & Völkers Engage Training for up to 50 attendees. We do not usually offer Engel & Völkers Engage Training in person, but if, upon your request we agreed to provide it in person we will charge you $4,998 for that training. We would then provide your sales advisors and/or staff members a 1 day Engel & Völkers Engage training at a location in the U.S. that we designate. The fee for the in person Engel & Völkers Engage includes the trainer's compensation, travel, accommodation and incedental expenses, the training course materials and their shipment. A minimum of 15 but no more than 50 attendees would be trained. The highest estimated amount if you use the regular, virtual Engel & Völkers Engage Training is $2,752 and is calculated on the same basis as the low estimate but for providing Engel & Völkers Engage Training to 1 additional staff member and 17 additional sales advisors (for a total of 20 sales advisors and 2 staff members) and SPT Training to 1 additional staff member (for a total of 2 staff members).
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the lowest estimated cost for Engel & Volkers Engage Training is $692. This estimate covers training for one staff member at $98, three sales advisors at $98 each, and SPT Training for one staff member at $298. This training is typically provided virtually.
Engel & Volkers also offers in-person Engel & Volkers Engage Training, though it is not usually offered. If Engel & Volkers agrees to provide it in person at the franchisee's request, the cost is $4,998. This in-person training covers the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. A minimum of 15 and a maximum of 50 attendees would be trained during a one-day session at a U.S. location designated by Engel & Volkers.
The highest estimated cost for the regular, virtual Engel & Volkers Engage Training is $2,752. This covers Engel & Volkers Engage Training for a total of 20 sales advisors and 2 staff members, as well as SPT Training for a total of 2 staff members. Franchisees should consider these costs when budgeting for initial training and onboarding of their team.