How many Engel & Volkers outlets were in Florida at the start of 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 |
|---|---|---|---|---|---|---|---|---|
| Florida | 2022 | 37 | 7 | 3 | 0 | 0 | 1 | 40 |
| 2023 | 40 | 4 | 0 | 1 | 0 | 0 | 43 | |
| 2024 | 43 | 8 | 3 | 0 | 0 | 1 | 47 |
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, at the start of 2022, there were 37 Engel & Volkers franchised residential real estate brokerages in Florida. This number is specifically tracked as of December 31st of each year, providing a clear snapshot of the franchise's presence in the state at that time.
For a prospective franchisee, this indicates a relatively established presence for Engel & Volkers in Florida compared to some other states. It suggests that the brand has already gained some traction and market recognition in the region. However, it's important to note that this number reflects the number of outlets at the start of the year, and the actual number may have fluctuated throughout 2022 due to openings, closures, or other factors.
It is also important to consider the changes in outlet numbers over the following years. The FDD shows that Engel & Volkers had 40 outlets at the end of 2022, 43 at the end of 2023, and 47 at the end of 2024. This growth trend could be a positive sign for potential franchisees, indicating increasing brand recognition and market penetration in Florida. However, prospective franchisees should also investigate the reasons behind any closures or terminations to fully understand the dynamics of the Florida market.