How many Engel & Volkers outlets were opened in California during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Terminatio |
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 were 11 outlets opened in California during 2023. This information is part of a larger table detailing outlet activity across various states and years.
For a prospective Engel & Volkers franchisee, this data point provides insight into the brand's expansion and activity within California. Opening 11 outlets in a single year suggests a growing market presence and potential brand recognition in the state. This could be a positive indicator for franchisees looking to invest in a region with demonstrated growth.
However, it's also important to consider other factors presented in the table, such as terminations or closures, to get a complete picture of the market dynamics. Additionally, prospective franchisees should investigate the reasons behind outlet openings and closures to understand the long-term viability of the business in specific locations.