Does Engel & Volkers make any representations or statements regarding a franchisee's anticipated income, earnings, or growth?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 26.13.4 No representation or statement has been made by Franchisor or its affiliates (or any of its or their officers, directors, managers, employees, agents or salespersons) regarding Franchisee's anticipated income, earnings and growth of the franchised Business or that of the ENGEL & VÖLKERS System, or the viability of the business opportunity being offered under this Agreement.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to the 2025 Engel & Volkers Franchise Disclosure Document, Engel & Volkers does not make any representations or statements regarding a franchisee's anticipated income, earnings, or growth. The FDD states that the franchisee acknowledges that no such representation or statement has been made by Engel & Volkers or its affiliates.
This means that prospective franchisees should not rely on any claims or promises about potential financial performance made by Engel & Volkers when deciding whether to invest in a franchise. It is the franchisee's responsibility to conduct their own independent investigation and assessment of the business opportunity. Engel & Volkers encourages franchisees to contact existing franchisees to gather more information.
This disclaimer is a common practice in franchising. Franchise companies often avoid making earnings claims to prevent potential legal issues and to ensure that franchisees understand the risks involved in starting a business. Prospective franchisees should carefully review the entire Franchise Disclosure Document and seek professional advice before making any investment decisions.