How many Engel & Volkers outlets were transferred from franchisees to new owners in Arizona during 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 0 | |
| California | 2022 | 0 |
| 2023 | 23 |
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 transfer of an Engel & Volkers outlet from a franchisee to a new owner in Arizona during 2022. This data is based on information as of December 31, 2022. The FDD specifies that these figures include residential real estate brokerages operated by master franchisees under their Master Franchise Agreements.
This information is relevant for prospective franchisees as it provides insight into the resale activity within the Engel & Volkers franchise system. A transfer indicates that an existing franchisee has sold their business to a new owner, which can occur for various reasons such as retirement, relocation, or a change in business interests. Monitoring the number of transfers can help potential franchisees assess the stability and desirability of owning an Engel & Volkers franchise in a specific area.
It's important to note that the transfer numbers do not reflect terminations or non-renewals, which are separate categories that indicate when a franchise agreement ends and the outlet ceases to operate under the Engel & Volkers brand. Reviewing transfer data alongside terminations and non-renewals provides a more comprehensive understanding of franchisee turnover and the overall health of the franchise system in different states.