How many Engel & Volkers outlets opened in Alabama during 2022?
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 |
|---|---|---|---|---|---|---|---|---|
| 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 |
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 was 1 outlet opened in Alabama during 2022. At the start of 2022, there were 3 outlets, and after the new opening, there were 4 outlets by the end of the year.
It is important to note that this data reflects the actual number of outlets opened, not projected or planned openings. Franchisees can use this information to understand the brand's growth and presence in Alabama. This historical data can be useful for assessing market penetration and potential opportunities in the state.
By reviewing the number of outlets opened, closed, and the net change in a specific state, prospective franchisees can gain insights into the stability and performance of the Engel & Volkers brand in that region. This information is valuable for making informed decisions about franchise investments and market selection.