What was the net income for Engel & Volkers for the year ending December 31, 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
(4,048,100) | 1,761,556 | 3,560,109 | | Other comprehensive income (loss): | (141,272) | 30,285 | (54,080) | | Foreign currency translation adjustment | | | | | COMPREHENSIVE INCOME (LOSS) | $ (4,189,372) | $ 1,791,841 | $ 3,506,029 |
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| Shares | Amount | Capital | Deficit | Loss | Total | |
|---|---|---|---|---|---|---|
| Balance - January 1, 2022 | 17,143 | $ 171,430 | $ 34,285,342 | $ (18,911,739) | $ (8,582) | $15,536,451 |
| Net income | - | - | - | 3,560,109 | - | 3,560,109 |
| Other comprehensive loss: | - | - | - | - | (54,080) | (54,080) |
| Foreign currency translation | ||||||
| adjustment | ||||||
| Balance - December 31, 2022 | 17,143 | 171,430 | 34,285,342 | (15,351,630) | (62,662) | 19,042,480 |
| Net income | - | - | - | 1,761,556 | - | 1,761,556 |
| Other comprehensive income: | - | - | - | - | 30,285 | 30,285 |
| Foreign currency translation | ||||||
| adjustment | ||||||
| Balance - December 31, 2023 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the net income for the year ending December 31, 2022, was $3,560,109. This figure represents the profit Engel & Volkers realized after deducting all expenses from its revenues during that year.
For a prospective franchisee, net income is a critical indicator of the overall financial health and profitability of Engel & Volkers. A positive net income suggests that the company is operating efficiently and generating more revenue than it spends. This can be reassuring for franchisees, as it implies that Engel & Volkers is a stable and well-managed organization.
However, it's important to consider net income in conjunction with other financial metrics. Franchisees should also review Engel & Volkers's revenue trends, expense structure, and cash flow statements to gain a comprehensive understanding of its financial performance. Additionally, it's advisable to compare Engel & Volkers's net income to that of other companies in the real estate franchise industry to assess its relative performance.