How many Engel & Volkers outlets opened in Florida during 2024?
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 |
|---|---|---|---|---|---|---|---|---|
| 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 |
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 8 outlets opened in Florida during 2024. The table provided in Item 20 of the FDD details the changes in the number of outlets for each state over the past three years.
For a prospective franchisee, this information is valuable in understanding the brand's growth and activity in specific regions. Seeing a positive number of new openings suggests a growing market presence, while also noting any terminations or closures can provide a more complete picture.
It's important to consider this data in conjunction with other factors, such as market saturation, local economic conditions, and the performance of existing Engel & Volkers locations in Florida. Further research into these areas would provide a more comprehensive understanding of the potential opportunities and challenges in the Florida market.