How many Engel & Volkers outlets were in Washington at the start of 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year 2024 | Number of Transfers 0 | ||||||
|---|---|---|---|---|---|---|---|---|
| Washington | 2022 | 1 | ||||||
| 2023 | 2 | |||||||
| 2024 | 1 | |||||||
| 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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Washington | 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 |
| 2023 | 7 | 2 | 0 | 0 | 0 | 0 | 9 | |
| 2024 | 9 | 1 | 0 | 0 | 0 | 0 | 10 |
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 were 2 outlets in Washington at the start of 2024. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
Specifically, for Washington, the table shows the progression of outlet counts over three years. In 2022, there were 6 outlets at the start of the year, 1 outlet opened, and no changes due to terminations, non-renewals, re acquisitions, or other reasons, resulting in 7 outlets at the end of the year. In 2023, there were 7 outlets at the start of the year, 2 outlets opened, and no changes due to terminations, non-renewals, re acquisitions, or other reasons, resulting in 9 outlets at the end of the year.
In 2024, there were 2 Engel & Volkers locations at the start of the year, 1 outlet opened, and 1 outlet at the end of the year. This information is valuable for prospective franchisees as it provides a historical overview of the brand's presence and changes in specific states, which can help in assessing market saturation and growth potential.