How many Engel & Volkers outlets were reacquired from franchisees in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| All States | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the total number of outlets reacquired from franchisees in 2023 was zero. This data is presented in a table that tracks outlet information across all states for the years 2022, 2023, and 2024. The specific column 'Outlets Reacquired From Franchisee' shows a consistent '0' for all years, including 2023.
This indicates that Engel & Volkers did not reacquire any franchised locations during that year. For a potential franchisee, this could suggest stability in the franchise system, as reacquisition might sometimes reflect underperforming locations or disputes. However, it is essential to consider this data in conjunction with other factors, such as the number of terminations or non-renewals, to get a comprehensive view of franchise performance and relationships.
While a zero reacquisition rate can be seen as positive, prospective franchisees should still investigate the reasons behind this. It could mean strong franchisee performance, or it could also indicate that Engel & Volkers has other mechanisms for dealing with underperforming franchises, such as terminations or non-renewals, as detailed elsewhere in the FDD. Further due diligence, including speaking with current and former franchisees, is advisable to understand the full context.