How many Engel & Volkers outlets were operating in Massachusetts at the start of 2022?
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 | |
| Massachusetts | 2022 | 12 | 0 | 0 | 0 | 0 | 0 | 12 |
| 2023 | 12 | 1 | 0 | 0 | 0 | 1 | 12 | |
| 2024 | 12 | 0 | 0 | 0 | 0 | 0 | 12 |
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 12 Engel & Volkers outlets operating in Massachusetts at the start of 2022. This figure represents the number of franchised residential real estate brokerages open as of December 31, 2021, as the FDD notes that all numbers are set forth as of December 31 of each year.
For a prospective franchisee, this indicates the existing market presence of Engel & Volkers in Massachusetts at that time. It's a snapshot of the brand's established footprint before entering that year. The presence of existing outlets can provide some level of brand recognition and potentially a network for new franchisees to connect with.
It is important to note that the number of outlets can change over time due to various factors, including new openings, closures, and transfers. Reviewing the trends in outlet numbers over several years, as presented in the FDD, can give a more comprehensive understanding of the brand's growth and stability in a particular state. A prospective franchisee should also investigate the performance and market share of existing Engel & Volkers locations in Massachusetts to assess the competitive landscape and potential for success.