How many Engel & Volkers outlets were terminated in California during 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 |
|---|---|---|---|---|---|---|---|---|
| California | 2022 | 30 | 0 | 1 | 0 | 0 | 3 | 26 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, there was one termination of an Engel & Volkers outlet in California during 2022. The provided table in Item 20 outlines the number of terminations for each state over the past three years.
For a prospective franchisee, this information is crucial in assessing the stability and success rate of Engel & Volkers franchises. A low number of terminations, such as the one reported for California in 2022, could indicate a healthy franchise system with supportive franchisor-franchisee relationships. However, it's important to consider this figure in the context of the total number of franchises in California and the reasons for the termination.
It is also important to note that in 2022, three Engel & Volkers outlets in California ceased operations for other reasons. This is in addition to the one termination. A prospective franchisee should investigate the reasons behind terminations and closures to understand the challenges and risks associated with operating an Engel & Volkers franchise in California. Understanding the causes of these events can help a franchisee prepare for potential issues and assess the overall health of the franchise network in the state.
Overall, while one termination may not seem alarming on its own, a thorough investigation into the reasons, along with the other closures, will provide a more complete picture of the franchise's performance and potential risks in California. This due diligence is essential for making an informed investment decision.