How many Engel & Volkers outlets were in Hawaii at the start of 2022?
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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, there were 3 Engel & Volkers franchises in Hawaii at the start of 2022. The FDD notes that all numbers are as of December 31 of each year, so the 'Outlets at Start of Year' column reflects the number of outlets at the end of the previous year.
This information is relevant for prospective franchisees as it provides insight into the existing market presence of Engel & Volkers in Hawaii. A franchisee can assess the level of competition and brand recognition in the state based on this number. The table also shows that there were no openings, terminations, non-renewals, re acquisitions, or ceased operations during 2022, 2023, and 2024, which could indicate a stable market presence.
Reviewing the trends in outlet numbers over the three years, a potential franchisee can also gauge the growth and stability of the Engel & Volkers brand in Hawaii. The fact that the number of outlets remained constant at 3 from 2022 to 2024 might suggest a steady but not rapidly expanding market. This information, combined with other market research, can help a franchisee make an informed decision about investing in an Engel & Volkers franchise in Hawaii.