How many Engel & Volkers outlets were in Georgia at the start of 2023?
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 | |
| Georgia | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 2 | 0 | 0 | 0 | 1 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 1 | 6 |
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 6 Engel & Volkers outlets in Georgia at the start of 2023. This information is based on the table that details the 'Status of Franchised Outlets for Years 2022 to 2024'. The table specifically lists the number of outlets at the start of each year for each state.
For a prospective franchisee, this indicates the existing market presence of Engel & Volkers in Georgia at that time. It shows the number of established locations before any new openings or closures during 2023. This can be useful in assessing the brand's penetration and potential for further growth in the state.
It is important to note that these figures are as of December 31st of each year, as stated in the notes accompanying the table. Therefore, the 'Outlets at Start of Year' figure for 2023 reflects the number of outlets that were operational at the end of 2022. The table also provides additional data on outlet openings, closures, and other changes that occurred during each year, offering a comprehensive view of the franchise's evolution in each state.