What was the number of Engel & Volkers franchise transfers in Arizona during the year 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 0 | |
| California | 2022 | 0 |
| 2023 | 23 |
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
Notes: (1) All numbers are set forth as of December 31 of each year.
Table No. 2 Our Franchised Residential Real Estate Brokerages Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) for Years 2022 to 2024
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 franchise transfer in Arizona during 2022. This information is based on transfers of outlets from franchisees to new owners, excluding transfers to the franchisor. The data is recorded as of December 31st of each year.
Franchise transfers can occur for various reasons, such as a franchisee deciding to retire, pursue other business ventures, or due to personal circumstances. A low number of transfers could indicate franchisee stability and satisfaction, but it could also mean fewer opportunities exist to acquire an existing Engel & Volkers business rather than starting a new one.
For a prospective Engel & Volkers franchisee, understanding the transfer history in their desired area can provide insights into the local market dynamics and the potential for future resale opportunities. It is important to note that past transfer activity is not necessarily indicative of future performance or transfer rates.