How many Engel & Volkers outlets ceased operations for other reasons in Massachusetts 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 Terminations |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, in 2023, one Engel & Volkers outlet in Massachusetts ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
This information is valuable for potential franchisees as it provides insight into the stability and performance of existing Engel & Volkers locations. Closures for "other reasons" could encompass a variety of factors, such as poor performance, failure to meet brand standards, or other unforeseen circumstances.
It is important to note that while one outlet closed for other reasons, one new outlet was opened in Massachusetts during 2023. The number of Engel & Volkers outlets in Massachusetts remained at 12 from the start to the end of 2023. Prospective franchisees should inquire with Engel & Volkers about the specific reasons for closures to better assess the risks and opportunities associated with investing in a franchise in Massachusetts.