How many Engel & Volkers outlets ceased operations for other reasons in Arkansas during 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year 2024 | Number of Transfers 0 | ||
|---|---|---|---|---|
| Colorado | 2022 | 5 | ||
| 2023 | 8 | |||
| 2024 | 0 | |||
| Florida | 2022 | 1 | ||
| 2023 | 4 | |||
| 2024 | 2 | |||
| 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 | |||
| Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, one Engel & Volkers outlet in Arkansas ceased operations for "other reasons" during 2024. The table provided in Item 20 of the FDD details the changes in the number of franchised outlets for the years 2022, 2023, and 2024. This includes information on outlets that opened, were terminated, not renewed, reacquired by the franchisor, or ceased operations for other reasons.
For a prospective franchisee, this data offers insight into the stability and performance of existing Engel & Volkers franchises. Reviewing the reasons behind closures can provide valuable lessons and help in assessing the risks associated with investing in a franchise in a specific region. It's important to note that 'other reasons' for closures can encompass a variety of factors, such as poor performance, franchisee personal issues, or market changes.
Overall, the closure of one Engel & Volkers location in Arkansas during 2024, while seemingly small, should prompt further investigation. A potential franchisee should inquire with Engel & Volkers about the specific reasons for this closure to better understand the challenges and opportunities within the Arkansas market. Understanding these factors can aid in making a more informed decision about investing in an Engel & Volkers franchise.