How many Engel & Volkers outlets were operating in Florida at the end of 2023?
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 43 Engel & Volkers outlets operating in Florida at the end of 2023. The FDD specifies that these numbers are accurate as of December 31st of each year. This number reflects changes throughout the year, including the opening of 4 new outlets, the termination of 0 outlets, 1 non-renewal, and no re acquisitions or ceased operations.
For a prospective franchisee, this indicates the current scale of Engel & Volkers's presence in Florida. It provides a concrete figure to assess market saturation and brand recognition in the state. Understanding the net growth (or decline) in outlets is crucial for evaluating the brand's momentum and potential within Florida. The number of outlets opened during the year shows the rate of expansion in the state.
It's important to note that the number of outlets can be influenced by various factors, including terminations, non-renewals, and other reasons for ceasing operations. A high number of closures could indicate underlying issues with the franchise system or market conditions. Therefore, prospective franchisees should investigate the reasons behind any outlet closures and assess the overall health of the Engel & Volkers franchise in Florida.
Overall, the number of Engel & Volkers locations in Florida at the end of 2023 gives potential franchisees an idea of the brand's current reach and growth trajectory within the state. This information, combined with further research into market dynamics and franchise performance, can help franchisees make an informed decision.