How many Engel & Volkers outlets were operating in Indiana at the end of 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 State | Colum n 2 Year | Colum n 3 Outlets at Start of Year | Colum n 4 Outlets Opene d | Column 5 Termination s | Column 6 Non- Renewal s | Column 7 Reacquire d by Franchiso r | Column 8 Ceased Operations - Other Reasons | Colum n 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
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 was 1 outlet operating in Indiana at the end of 2024. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state. The data is broken down year by year.
For a prospective franchisee, this indicates the existing presence and growth (or lack thereof) of Engel & Volkers in Indiana. With only one outlet, the market may be relatively untapped, presenting both opportunities and challenges. A single outlet might mean less competition from within the franchise system, but it could also reflect difficulties in establishing the brand in that particular state.
It is important to note that the number of outlets remained constant in Indiana from 2022 through 2024. This could suggest a stable but limited market, or it could indicate that there is potential for growth that has not yet been realized. A potential franchisee should investigate the reasons behind the lack of growth and assess the market conditions in Indiana to determine if there is an opportunity to expand the Engel & Volkers brand in that state.