How many Engel & Volkers outlets ceased operations for other reasons in California during 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | ||||||
|---|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 1 | ||||||
| 2023 | 2 | |||||||
| 2024 | 0 | |||||||
| California | 2022 | 0 | ||||||
| 2023 | 23 | |||||||
| 2024 | 0 | |||||||
| Column 1 State | Colum n 2 Year | Colum n 3 Outlets at Start of Year | Colum n 4 Outlets Opene d | Column 5 Termination s | Column 6 Non- Renewal s | Column 7 Reacquire d by Franchiso r | Column 8 Ceased Operations - Other Reasons | Colum n 9 Outlets at End of the Year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Alabama | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Arizona | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Arkansas | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | |
| California | 2022 | 30 | 0 | 1 | 0 | 0 | 3 | 26 |
| 2023 | 26 | 11 | 0 | 0 | 0 | 1 | 36 | |
| 2024 | 36 | 1 | 1 | 0 | 0 | 4 | 32 |
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 were 4 outlets in California that ceased operations for "other reasons" during 2024.
This information is crucial for potential franchisees as it provides insight into the stability and potential challenges within the Engel & Volkers franchise system in California. "Ceased Operations - Other Reasons" can include various factors such as poor performance, disputes with the franchisor, or other unforeseen circumstances that led to the closure of the Engel & Volkers business.
A prospective franchisee should investigate the reasons behind these closures to better understand the risks and opportunities associated with operating an Engel & Volkers franchise in California. Understanding the specific reasons for these closures can help a franchisee prepare for and mitigate similar issues, potentially improving their chances of success.