How many Engel & Volkers outlets ceased operations for other reasons in Louisiana during 2023?
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 T |
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 2023, one Engel & Volkers location in Louisiana ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor. This means that the location closed for another unspecified reason. At the start of 2023, there were 4 Engel & Volkers locations, and after one closed for other reasons, there were 3 locations at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Engel & Volkers franchises in Louisiana. Understanding the reasons behind outlet closures can help a prospective franchisee assess the risks and opportunities associated with investing in an Engel & Volkers franchise in that specific state.
It's important to note that 'ceased operations for other reasons' can encompass a variety of factors, such as poor performance, failure to meet brand standards, or other unforeseen circumstances. A potential franchisee should investigate further to understand the specific reasons behind such closures and evaluate whether these factors could impact their own franchise.
By examining the trends in outlet closures and openings, prospective franchisees can gain a more comprehensive understanding of the overall health and growth potential of the Engel & Volkers franchise system. This information, combined with other due diligence efforts, can help them make an informed decision about whether to invest in the franchise.