How many Engel & Volkers master franchise outlets were in operation in 2023?
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, there were 43 master franchise outlets in operation during 2023. The document also indicates that in 2023, Engel & Volkers sold 10 master franchises.
For a prospective franchisee, this indicates the size and growth of the Engel & Volkers master franchise network. It provides a snapshot of the existing footprint and the rate at which new master franchises are being added to the system. This information can be useful in assessing the maturity and market penetration of the Engel & Volkers brand.
It's important to note that these figures pertain specifically to master franchise outlets, which have the additional right to sub-franchise. This is distinct from the number of regular franchised outlets, which totaled 265 in 2023. Understanding the distinction between these two types of franchise arrangements is crucial for anyone considering investing in an Engel & Volkers franchise.