How many Engel & Volkers outlets were operating in Maine at the start of 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Alabama | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arizona | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arkansas | 2022 | 4
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 3 outlets operating in Maine at the start of 2022. The provided table outlines the status of franchised outlets, showing 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.
For a prospective Engel & Volkers franchisee, this information is useful for understanding the brand's existing presence and performance in Maine. Knowing the number of outlets at the beginning and end of the year, as well as any changes that occurred, can provide insights into the stability and growth of the franchise in that specific market. This data helps potential franchisees assess the market saturation and potential opportunities in Maine.
It's important to note that the numbers provided are as of December 31 of each year, as stated in the notes accompanying the table. This means the 'Outlets at Start of Year' figure reflects the number of operating outlets on January 1st of that year. Reviewing this data over several years, from 2022 to 2024, gives a more comprehensive view of the franchise's performance and trends in Maine, showing consistent operation of 3 outlets throughout the period.