How many Engel & Volkers outlets ceased operations for other reasons in Georgia during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | ||||||
|---|---|---|---|---|---|---|---|---|
| Georgia | 2022 | 0 | ||||||
| 2023 | 1 | |||||||
| 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Georgia | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 2 | 0 | 0 | 0 | 1 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 1 | 6 |
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 Georgia ceased operations for "other reasons" during 2023. This information is based on the table titled "Our Franchised Residential Real Estate Brokerages Status of Franchised Outlets for Years 2022 to 2024," which provides a breakdown of outlet activity by state and year. The table specifies the number of outlets that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
For a prospective franchisee, this data point offers insight into the stability and potential challenges within the Georgia market. While one closure may not be alarming on its own, it prompts further investigation into the reasons behind the closure. Understanding why an outlet ceased operations can help a new franchisee anticipate and mitigate similar risks.
It is important to note that "other reasons" for closure can encompass a variety of factors, such as financial difficulties, poor management, or unforeseen local market conditions. A prospective Engel & Volkers franchisee should seek clarification from the franchisor regarding the specific reasons for the closure to gain a more comprehensive understanding of the risks and opportunities in the Georgia market. This information, combined with other due diligence efforts, can contribute to a more informed investment decision.