How many Engel & Volkers outlets ceased operations for other reasons in California during 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, in 2022, 3 Engel & Volkers locations in California ceased operations for other reasons. This is out of a starting total of 30 locations at the beginning of that year, with zero outlets opened during the year, one termination, and an end-of-year total of 26 locations.
'Ceased operations for other reasons' typically refers to closures due to factors other than terminations, non-renewals, or reacquisition by the franchisor. These reasons can include things like failure to meet performance standards, financial difficulties, or other breaches of the franchise agreement that don't result in a formal termination.
For a prospective Engel & Volkers franchisee, this data highlights the importance of understanding the local market conditions in California and the factors that may contribute to an outlet's success or failure. It would be prudent to investigate what the 'other reasons' were for these closures to better assess the risks and opportunities in the California market.