How many Engel & Volkers outlets were in Hawaii at the start of 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Hawaii | 2022 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 |
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 3 outlets in Hawaii at the start of 2023.
Specifically, the table provided in Item 20 details the status of franchised outlets from 2022 to 2024. For Hawaii, the table shows the number of outlets at the start of 2023 was 3. The table also indicates that no outlets were opened, terminated, non-renewed, reacquired by the franchisor, or ceased operations for other reasons during 2023. Therefore, the number of Engel & Volkers outlets at the end of 2023 remained at 3.
This information is relevant for prospective franchisees as it provides insight into the stability and growth of Engel & Volkers in Hawaii. A consistent number of outlets might suggest a stable market presence, but it could also indicate limited growth opportunities. It is important to consider these factors when evaluating the potential for establishing an Engel & Volkers franchise in Hawaii.