How many Engel & Volkers outlets were operating in Maryland at the end of 2024?
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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Maryland | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 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 Maryland at the end of 2024. The provided table details the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of each year, the number opened, and the number at the end of the year.
Specifically for Maryland, the table indicates that there were 2 Engel & Volkers outlets at the start of 2022, 2023 and 2024. No additional outlets were opened in 2022, 2023 or 2024. There were no terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons during this period.
Therefore, the number of Engel & Volkers outlets in Maryland remained constant at 2 from the beginning of 2022 through the end of 2024. This information is crucial for prospective franchisees to understand the brand's existing presence and stability in the Maryland market.