How many Engel & Volkers outlets were in Illinois at the start of 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Number of Transfers | |---|---|---| | Arizona | 2022 | 1 | | | 2023 | 2 | | | 2024 | 0 | | California | 2022 | 0 | | | 2023 | 23 | (1) All numbers are set forth as of December 31 of each year.
[Remainder of page intentionally left blank]
Table No. 3 Residential Real Estate Brokerages Systemwide Status of Franchised Outlets for Years 2022 to 2024
| 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 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 | |---|---|---|---|---|---|---|---|---| | Alabama | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arizona | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arkansas | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | California | 2022 | 30 | 0 | 1 | 0 | 0 | 3 | 26 | | | 2023 | 26 | 11 | 0 | 0 | 0 | 1 | 36 | | | 2024 | 36 | 1 | 1 | 0 | 0 | 4 | 32 | | Colorado | 2022 | 10 | 1 | 0 | 0 | 0 | 0 | 11 | | | 2023 | 11 | 2 | 0 | 0 | 0 | 0 | 13 | | | 2024 | 13 | 0 | 1 | 0 | 0 | 0 | 12 | | Connecticut | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | District of | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Columbia | | | | | | | | | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | 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 | | Hawaii | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Idaho | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | Illinois | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Kansas | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Louisiana | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | | 2024 | 3 | 1 | 1 | 0 | 0 | 0 | 3 | | Maine | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | 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 | |---|---|---|---|---|---|---|---|---| | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Maryland | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Massachusetts | 2022 | 12 | 0 | 0 | 0 | 0 | 0 | 12 | | | 2023 | 12 | 1 | 0 | 0 | 0 | 1 | 12 | | | 2024 | 12 | 0 | 0 | 0 | 0 | 0 | 12 | | Michigan | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Minnesota | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Missouri | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Montana | 2022 | 12 | 3 | 0 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 1 | 0 | 0 | 0 | 1 | 15 | | | 2024 | 15 | 0 | 0 | 0 | 0 | 0 | 15 | | Nevada | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | New | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Hampshire | | | | | | | | | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | 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 | |---|---|---|---|---|---|---|---|---| | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New Jersey | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | New Mexico | 2022 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New York | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | | | 2024 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | North Carolina | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 3 | 0 | 0 | 0 | 1 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 1 | 7 | | Ohio | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Oklahoma | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 1 | 2 | | Oregon | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | | Pennsylvania | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | 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 | |---|---|---|---|---|---|---|---|---| | Rhode Island | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | South Carolina | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | South Dakota | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Tennessee | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Texas | 2022 | 11 | 1 | 0 | 0 | 0 | 1 | 11 | | | 2023 | 11 | 0 | 0 | 0 | 0 | 2 | 9 | | | 2024 | 9 | 1 | 0 | 0 | 0 | 0 | 10 | | Utah | 2022 | 5 | 2 | 0 | 0 | 0 | 1 | 6 | | | 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 0 | 0 | 0 | 0 | 1 | 6 | | Vermont | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Virginia | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2024 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | Washington | 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | (1) All numbers are set forth as of December 31 of each year.
[Remainder of page intentionally left blank]
**Table No.
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 2 outlets in Illinois at the start of 2023. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, showing that the number of Engel & Volkers locations in Illinois remained constant during this period. No outlets opened, terminated, were non-renewed, reacquired by the franchisor, or ceased operations for other reasons.
For a prospective franchisee, this indicates a stable presence for Engel & Volkers in Illinois. However, it also suggests limited growth or change in the market during the years covered. A potential franchisee might want to investigate the reasons behind this stability, such as market saturation, franchisee performance, or strategic decisions by the franchisor.
It's important to note that the numbers provided are as of December 31st of each year, as stated in the notes accompanying the table. This detail ensures that the outlet counts reflect the year-end status, providing a clear snapshot of the franchise's footprint in Illinois at those specific times.