How many Engel & Volkers outlets in California were terminated in 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| California | 2022 | 30 | 0 | 1 | 0 | 0 | 3 | 26 |
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 was one termination of an Engel & Volkers outlet in California during the year 2022. Additionally, three outlets in California ceased operations for other reasons during 2022, resulting in a decrease from 30 outlets at the start of the year to 26 by year's end.
For a prospective franchisee, this data indicates the rate of franchise terminations and other closures within the Engel & Volkers system in California. While one termination alone may not be alarming, the additional three outlets ceasing operations suggests potential challenges or market-specific issues within the state that a potential franchisee should investigate. Understanding the reasons behind these closures can provide valuable insight into the stability and success factors for an Engel & Volkers franchise in California.
It's important to note that terminations can occur for various reasons, including breaches of the franchise agreement, poor performance, or mutual agreement between the franchisor and franchisee. Ceased operations for other reasons might include factors such as economic downturns, local market saturation, or unforeseen circumstances impacting the business. A prospective franchisee should seek clarification from Engel & Volkers regarding the specific causes of these closures to assess the associated risks and opportunities.
Comparing this data to other real estate franchises and industry benchmarks can provide a broader perspective on the performance and stability of Engel & Volkers in California. A thorough understanding of these trends, combined with due diligence and market research, will help potential franchisees make informed decisions about investing in an Engel & Volkers franchise.