How many Engel & Volkers outlets in Washington were transferred in 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 5 |
| 2023 | 8 | |
| 2024 | 0 | |
| 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 |
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 in Washington during 2024. This information is based on Table No. 2, which details the transfers of outlets from franchisees to new owners, excluding transfers to the franchisor itself. The table includes data from 2022 to 2024, providing a historical view of franchise transfers within the Engel & Volkers system. The numbers provided reflect the status as of December 31st of each year.
For a prospective franchisee, this data point indicates the relative stability of Engel & Volkers franchises in Washington. A low number of transfers could suggest that franchisees are generally successful and satisfied with their businesses, or it could indicate a limited market for resales. Conversely, a high number might raise concerns about franchisee turnover or profitability. It's important to consider this data in conjunction with other factors, such as the number of terminations and non-renewals, to get a comprehensive understanding of franchise health.
It is also important to note that these figures only reflect transfers to new owners other than Engel & Volkers. If Engel & Volkers reacquired any franchises in Washington during 2024, those transactions would not be included in the transfer numbers. Reviewing the table that shows outlets reacquired by the franchisor would provide a more complete picture of all ownership changes within the system. A prospective franchisee should investigate the reasons behind any transfers to fully assess the health and stability of the Engel & Volkers franchise network in Washington.