How many Engel & Volkers franchises were sold in 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Franchises sold | 15 | 17 |
| Franchised outlets in operation | 265 | 265 |
| Master Franchises | ||
| Franchises sold | 5 | 10 |
| Franchised outlets in operation | 47 | 43 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, in 2024, 15 franchises and 5 master franchises were sold. This means that Engel & Volkers sold a total of 20 franchise licenses in 2024.
For a prospective franchisee, this indicates the recent growth and expansion rate of the Engel & Volkers brand. It provides insight into the demand for Engel & Volkers franchises and the potential market saturation in different regions. A higher number of franchise sales could suggest a strong brand reputation and effective franchise recruitment strategies.
However, it is important to consider these figures in conjunction with other factors such as the number of franchise terminations, transfers, and the overall performance of existing franchises to get a comprehensive understanding of the franchise system's health and stability. Prospective franchisees should also investigate where these franchises were sold to evaluate market opportunities in their desired area.