How many Engel & Volkers outlets were operating in Illinois at the start of 2022?
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 |
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 two Engel & Volkers locations operating in Illinois at the start of 2022. Throughout 2022, there were no additional Engel & Volkers locations opened, reacquired, or closed in Illinois. There were also no Engel & Volkers locations sold to franchisees in Illinois during that year. As a result, Engel & Volkers ended 2022 with two locations in the state.
For a prospective franchisee, this data indicates the existing presence and stability of the Engel & Volkers brand in Illinois. With two locations already established at the beginning of 2022 and no changes throughout the year, it suggests a steady market. This could be seen as a positive sign, indicating an established brand presence.
However, the absence of new openings could also suggest limited growth opportunities or a saturated market within the state. A potential franchisee should investigate the performance of the existing Illinois locations and research the local real estate market to assess the potential for further expansion and success. Understanding the reasons behind the lack of new openings in 2022 would be a crucial part of their due diligence.