How many Engel & Volkers outlets were in Illinois at the start of 2022?

According to Engel & Volkers's 2025 Franchise Disclosure Document, there were 2 outlets in Illinois at the start of 2022. This information is based on the data reported as of December 31 of each year, as indicated in Item 20. The table provides a detailed breakdown of outlet activity by state, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.

For a prospective Engel & Volkers franchisee, this data offers insights into the brand's presence and performance in Illinois. Knowing the number of existing outlets can help assess market saturation and potential opportunities for growth. The stability of the number of outlets over the years (2022-2024) suggests a consistent presence in the state, with no reported openings, closures, or transfers during this period.

It's important to note that while the number of outlets remained constant, this doesn't necessarily reflect the performance or profitability of those locations. Further research into the specific market conditions and competitive landscape in Illinois would be beneficial for anyone considering opening an Engel & Volkers franchise in that state. Additionally, prospective franchisees should inquire about the performance of existing Illinois locations to gain a more comprehensive understanding of the market.