How many Engel & Volkers outlets were in Florida at the start of 2024?
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, there were 43 Engel & Volkers outlets in Florida at the start of 2024. The FDD notes that all numbers are set forth as of December 31 of each year, so the 'Outlets at Start of Year' column reflects the number of outlets as of the end of the previous year.
For a prospective franchisee, this indicates the existing market presence of Engel & Volkers in Florida. It shows the number of established locations already operating in the state as of that date. This can be useful in assessing market saturation and brand recognition in the region.
It's also worth noting the changes in outlet numbers over the years. In Florida, Engel & Volkers had 37 outlets at the start of 2022, which increased to 40 by the end of 2022. By the start of 2023, there were 40 outlets, increasing to 43 by the end of 2023. This demonstrates a pattern of growth in the number of Engel & Volkers locations in Florida.