How many Engel & Volkers outlets were in Washington at the end of 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
any-Owned Outlets for Years 2022 to 2024**
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisees | 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 |
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, at the end of 2024, there were 4 Engel & Volkers outlets in Washington. The state started 2022 with 6 outlets, opened 1, and ended with 7. In 2023, Washington started with 7 outlets, opened 2, and ended with 2. In 2024, Washington started with 2 outlets, opened 1, and ended with 4.
It is important to note the changes in outlet numbers from year to year. For example, in 2023, the document shows that Washington started with 7 outlets, opened 2, and ended with 2. This discrepancy suggests that 7 outlets closed during that year.
Prospective franchisees should pay close attention to these trends and ask Engel & Volkers for more information about the reasons for outlet closures or changes in numbers. Understanding the dynamics of specific markets can help franchisees make informed decisions.