How many Engel & Volkers outlets were terminated in Louisiana during 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year 2024 | Number of Transfers 0 | ||
|---|---|---|---|---|
| Colorado | 2022 | 5 | ||
| 2023 | 8 | |||
| 2024 | 0 | |||
| Florida | 2022 | 1 | ||
| 2023 | 4 | |||
| 2024 | 2 | |||
| Georgia | 2022 | 0 | ||
| 2023 | 1 | |||
| 2024 | 0 | |||
| Idaho | 2022 | 2 | ||
| 2023 | 2 | |||
| 2024 | 0 | |||
| Nevada | 2022 | 0 | ||
| 2023 | 3 | |||
| 2024 | 0 | |||
| Utah | 2022 | 0 | ||
| 2023 | 7 | |||
| 2024 | 0 | |||
| Washington | 2022 | 1 | ||
| 2023 | 2 | |||
| 2024 | 1 | |||
| Wyoming | 2022 | 0 | ||
| 2023 | 1 | |||
| 2024 | 0 | |||
| TOTAL | 2022 | 9 | ||
| 2023 | 49 | |||
| 2024 | 1 | |||
| Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 T |
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 one termination of an Engel & Volkers outlet in Louisiana during 2024. The table provided in Item 20 details the status of franchised outlets from 2022 to 2024, showing the changes in outlet numbers due to openings, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceasing operations. This information is crucial for potential franchisees to understand the stability and turnover of franchises within specific states.
Specifically, for Louisiana in 2024, the table indicates that there were 3 outlets at the start of the year, 1 outlet opened, and 1 termination, with 3 outlets remaining at the end of the year. Terminations can occur for various reasons, including the franchisee's decision to exit the business, failure to meet performance standards, or violations of the franchise agreement. Understanding the reasons behind terminations can provide valuable insights into the challenges and potential risks associated with operating an Engel & Volkers franchise in a particular area.
Prospective franchisees should further investigate the reasons for any terminations to assess whether these are isolated incidents or indicative of broader issues within the region. This due diligence can help in making an informed decision about the potential success and sustainability of an Engel & Volkers franchise in Louisiana.