What is the range of potential costs for training fees associated with an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchise Agreement. The Initial Franchise Fee and the Limited Purpose Location Fee are not refundable. See Item 5.
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- The low estimate is for providing the Engel & Völkers Engage Training to one staff member ($98) and to 3 sales advisors ($98 per person) and for providing SPT Training to one staff member ($298). The high estimate includes SPT Training for 2 staff members and in-person Engel & Völkers Engage Training for up to 50 attendees. We do not usually offer Engel & Völkers Engage Training in person, but if, upon your request we agreed to provide it in person we will charge you $4,998 for that training. We would then provide your sales advisors and/or staff members a 1 day Engel & Völkers Engage training at a location in the U.S. that we designate. The fee for the in person Engel & Völkers Engage includes the trainer's compensation, travel, accommodation and incedental expenses, the training course materials and their shipment. A minimum of 15 but no more than 50 attendees would be trained. The highest estimated amount if you use the regular, virtual Engel & Völkers Engage Training is $2,752 and is calculated on the same basis as the low estimate but for providing Engel & Völkers Engage Training to 1 additional staff member and 17 additional sales advisors (for a total of 20 sales advisors and 2 staff members) and SPT Training to 1 additional staff member (for a total of 2 staff members).
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the training fees can range from $392 to $4,998, depending on the type of training and the number of attendees. The low estimate of $392 covers Engel & Volkers Engage Training for one staff member ($98) and three sales advisors ($98 each), plus SPT Training for one staff member ($298). The high estimate of $4,998 accounts for SPT Training for two staff members and in-person Engel & Volkers Engage Training for up to 50 attendees.
Engel & Volkers typically offers Engel & Volkers Engage Training virtually. However, if a franchisee requests in-person training and Engel & Volkers agrees to provide it, the franchisee will be charged $4,998. This fee covers the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. A minimum of 15 and a maximum of 50 attendees can participate in this in-person training.
The highest estimated amount for virtual Engel & Volkers Engage Training is $2,752. This covers Engel & Volkers Engage Training for two staff members and 20 sales advisors, plus SPT Training for two staff members. Franchisees should consider these costs when budgeting for their initial investment, keeping in mind that the actual training format and number of attendees will influence the final amount.