How many Engel & Volkers outlets were not renewed in any state during 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 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| 2024 | 1 | 0 | 0 | 1 | 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, there was a total of 1 non-renewal across all states during 2024. Specifically, in Virginia, 1 Engel & Volkers franchise agreement was not renewed during the 2024 fiscal year.
Non-renewals can occur for a variety of reasons, such as the franchisee deciding not to continue the business, failure to meet performance standards, or disagreements with the franchisor. For a prospective franchisee, a low number of non-renewals can be a positive sign, suggesting that franchisees are generally satisfied with their investment and the ongoing support provided by Engel & Volkers.
It is important to note that while the FDD provides historical data on non-renewals, it does not guarantee future performance. Prospective franchisees should conduct their own due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the Engel & Volkers franchise system and the factors that may influence the success of their own business.