How many Engel & Volkers franchise transfers occurred in Nevada in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Nevada | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 0 |
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 3 franchise transfers in Nevada during 2023. This information is based on the table that details residential real estate brokerage systemwide transfers of outlets from franchisees. The table provides a state-by-state breakdown of the number of franchise transfers for the years 2022, 2023, and 2024.
For a prospective Engel & Volkers franchisee, this data point provides insight into the resale market and the potential for transferring ownership of an existing franchise. A higher number of transfers might indicate a more active market for buying and selling franchises within that state. Conversely, a low number could suggest stability or a lack of opportunities for franchise resale.
It's important to note that these figures represent only transfers of existing Engel & Volkers franchises and do not include the opening of new locations. A prospective franchisee should consider this data in conjunction with other factors, such as the overall performance of Engel & Volkers franchises in Nevada and the specific reasons for franchise transfers, to gain a comprehensive understanding of the market dynamics.