How many Engel & Volkers outlets were in Florida at the start of 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 | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Cea |
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 2023, there were 40 Engel & Volkers outlets in Florida. This number is based on the data as of December 31, 2022, as stated in the notes accompanying the table.
For a prospective franchisee, this indicates the existing market presence of Engel & Volkers in Florida at that time. It provides a baseline for understanding the brand's established footprint before any openings or closures occurred during 2023. The FDD also indicates that there were 7 outlets opened, 3 terminations, and 1 outlet ceased operations for other reasons during 2022, resulting in 40 outlets at the end of 2022.
It's important to note that the number of outlets can fluctuate due to various factors, including new openings, terminations, and other reasons for ceased operations. Reviewing the historical data for outlet changes can give potential franchisees insight into the stability and growth of the Engel & Volkers brand in specific regions. This information is valuable for assessing the competitive landscape and potential market opportunities in Florida.