Does Engel & Volkers provide any representations about the past financial performance of company-owned or franchised outlets?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Stuart Siegel or Ulrike Cohen at 430 Park Avenue, 11th Floor, New York, New York, 10022, 212-234-3100, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 71)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, Engel & Volkers does not make any representations about a franchisee's future financial performance, nor do they provide information regarding the past financial performance of company-owned or franchised outlets. Furthermore, Engel & Volkers does not authorize its employees or representatives to make any such representations, either orally or in writing. This means that prospective franchisees will not receive any official financial performance data from Engel & Volkers regarding existing locations.
However, if a prospective franchisee is purchasing an existing Engel & Volkers outlet, the franchisor may provide the actual records of that specific outlet. This is a common practice, as it allows potential buyers to review the financial history of the business they are considering acquiring.
The FDD advises that if a prospective franchisee receives any other financial performance information or projections of future income, they should report it to Engel & Volkers' management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to ensure that franchisees are not relying on unauthorized or potentially misleading information when making their investment decision.