How many Engel & Volkers outlets were operating in Illinois at the end of 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Illinois | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 |
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 2 outlets operating in Illinois at the end of 2022. The provided table, which summarizes the status of franchised outlets, indicates that at the start of 2022, there were 2 Engel & Volkers locations in Illinois. Throughout 2022, there were no additional outlets opened, reacquired from franchisees, closed, or sold to franchisees. Consequently, the number of Engel & Volkers outlets in Illinois remained constant at 2 by the end of 2022.
For a prospective franchisee, this data point provides insight into the existing market presence of Engel & Volkers in Illinois. The stability in the number of outlets, with no openings or closures during the year, could suggest a stable market or limited growth opportunities within the state. It is important to note that this data reflects only franchised residential real estate brokerages and does not include any company-owned outlets.
It is also worth noting that the numbers provided are as of December 31st of each year. This detail is crucial for accurately interpreting the data, as it provides a specific point-in-time snapshot of the outlet status. A potential franchisee should further investigate the performance and market dynamics of these existing Illinois locations to better understand the local market conditions and potential for success.