What was the number of Engel & Volkers franchise transfers in California during 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 0 | |
| California | 2022 | 0 |
| 2023 | 23 |
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 23 franchise transfers in California during 2023. This indicates the number of existing Engel & Volkers franchises that were sold or transferred to new owners within the California market during that year.
For a prospective franchisee, a high number of transfers could signal a dynamic market with opportunities to acquire existing businesses rather than starting from scratch. However, it could also raise questions about why so many franchisees are choosing to sell. It would be prudent to investigate the reasons behind these transfers, such as retirement, relocation, or underperformance.
Understanding the context behind these numbers is crucial. A potential franchisee should speak with Engel & Volkers to understand the reasons for franchise transfers and assess whether this trend presents opportunities or potential risks for their investment.