How many Engel & Volkers franchise transfers occurred in California during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 0 | |
| California | 2022 | 0 |
| 2023 | 23 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, there were 23 franchise transfers in California during 2023. This indicates the number of times existing Engel & Volkers franchises in California were sold or transferred to new owners during that year.
For a prospective franchisee, a high number of transfers could signal a dynamic market with opportunities to acquire existing businesses. However, it could also raise questions about why so many franchisees are choosing to sell. Investigating the reasons behind these transfers, such as franchisee performance, local market conditions, or individual circumstances, would be a prudent step for anyone considering investing in an Engel & Volkers franchise in California.
It's important to note that franchise transfers are a normal part of the franchise lifecycle, but the number can vary significantly depending on the brand, industry, and economic conditions. Comparing the transfer rate of Engel & Volkers to other real estate franchises can provide a more comprehensive understanding of the stability and desirability of the brand.