How many Engel & Volkers outlets 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' 2025 Franchise Disclosure Document, there was one outlet opened in Alabama during 2023. The number of Engel & Volkers locations in Alabama at the start of 2023 was four, and one new outlet opened, bringing the total to five by the end of the year.
It is important to note that the provided data reflects specific states and may not represent the entire franchise system. Prospective franchisees should review the complete Item 20 in the FDD for a comprehensive overview of outlet openings, closures, and transfers across all regions where Engel & Volkers operates.
Understanding the historical trends in outlet openings and closures can help potential franchisees assess the stability and growth potential of the Engel & Volkers franchise in different markets. This information, combined with other factors such as market demographics and competition, can inform their decision-making process.