What is the minimum Initial Franchise Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
of the additional costs that may be incurred when opening a start-up Engel & Völkers Residential Real Estate Brokerage.
-
- The Initial Franchise Fee is at minimum $35,000, but could be higher based on the size of your protected area, the number of locations, the market potential, the population base, the character of its residential properties and the total market turn-over. An additional Initial Franchise Fee of $5,000 Initial Franchise Fee will apply if we grant you the right to open and operate an additional physcial loation within your Protected Area. An additional one-time fee of $2,500 will apply for any Limited Purpose Location we may permit you to open. The Initial Franchise Fee and the Limited Puprose Location Fee must be paid by cashier's check, certified bank check or any other method as we require in accordance
Source: Item 5 — INITIAL FEES (FDD pages 21–22)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the minimum initial franchise fee is $35,000. However, this fee can increase depending on factors such as the size of the protected area granted to the franchisee, the number of locations they intend to operate, the market potential, the population base, the characteristics of residential properties in the area, and the total market turnover.
Engel & Volkers also charges additional fees under certain circumstances. If Engel & Volkers grants a franchisee the right to open and operate an additional physical location within their protected area, an additional initial franchise fee of $5,000 will apply. Furthermore, a one-time fee of $2,500 is required for any Limited Purpose Location that Engel & Volkers permits the franchisee to open.
The initial franchise fee and any Limited Purpose Location fees are non-refundable and must be paid via cashier's check, certified bank check, or another method specified by Engel & Volkers in accordance with the Franchise Agreement. Understanding the factors that could increase the initial franchise fee is crucial for prospective franchisees to accurately assess their initial investment.