How many Engel & Volkers outlets were opened in Alabama during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 State | Colum n 2 Year | Colum n 3 Outlets at Start of Year | Colum n 4 Outlets Opene d | Column 5 Termination s | Column 6 Non- Renewal s | Column 7 Reacquire d by Franchiso r | Column 8 Ceased Operations - Other Reasons | Colum n 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's 2025 Franchise Disclosure Document, there was one outlet opened in Alabama during 2023. The table provided in Item 20 outlines the changes in the number of outlets for each state over the course of 2022, 2023, and 2024. At the start of 2023, Alabama had 4 outlets, and by the end of the year, it had 5, with one new outlet opening during that year.
This information is useful for potential franchisees to understand the growth and changes within the Engel & Volkers franchise system in specific states. It gives insight into which markets are expanding and which may be facing challenges, as reflected by outlet openings, terminations, or closures.
It is important to note that while the table provides a historical overview, it does not guarantee future performance. Factors influencing outlet changes can vary, and prospective franchisees should conduct thorough market research and due diligence to assess the potential for their specific location.