How many Engel & Volkers outlets were in Washington at the start of 2023?
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 |
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 1 Engel & Volkers outlet in Washington at the start of 2022, and 2 at the start of 2023. By the start of 2024, there was 1 outlet.
This data point is crucial for prospective franchisees as it provides a clear picture of Engel & Volkers's existing market presence and growth trajectory in Washington. Knowing the number of outlets at the beginning of each year allows potential franchisees to assess the brand's expansion rate and stability in the state.
Franchisees can use this information to gauge market saturation and potential competition from other Engel & Volkers locations. A growing number of outlets might indicate a strong brand presence and increasing market share, while a declining number could raise concerns about the brand's performance or franchisee turnover. This information, combined with other market research, can help franchisees make an informed decision about investing in an Engel & Volkers franchise in Washington.