How many Engel & Volkers franchise transfers were there in Idaho during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 5 |
| 2023 | 8 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Idaho | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 0 | |
| Nevada | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 0 | |
| Utah | 2022 | 0 |
| 2023 | 7 | |
| 2024 | 0 | |
| Washington | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 1 | |
| Wyoming | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| TOTAL | 2022 | 9 |
| 2023 | 49 | |
| 2024 | 1 |
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 2 franchise transfers in Idaho during 2023. This information is based on the data reported as of December 31, 2023. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, which can be an indicator of the health and desirability of the franchise system.
For a prospective Engel & Volkers franchisee, understanding the number of transfers can provide insights into the stability and attractiveness of the franchise in a specific region. A higher number of transfers might suggest a more active market for buying and selling franchises, while a lower number could indicate longer-term ownership or fewer opportunities for resale. It is important to note that transfers do not necessarily reflect negatively on the franchise; they can simply be a result of franchisees retiring, pursuing other business ventures, or relocating.
It is also useful to compare the number of transfers in Idaho to other states to gauge the relative activity in the real estate market and the Engel & Volkers franchise network. Additionally, prospective franchisees should investigate the reasons behind any transfers to better understand the local market dynamics and potential challenges or opportunities. This information, combined with other performance metrics, can help in making a well-informed decision about investing in an Engel & Volkers franchise.