What size does Engel & Volkers recommend for a real estate brokerage?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
If you do not own building space for your business, you must lease or purchase the business premises.
Your real estate brokerage must be an appropriate and a location approved by us before signing a lease.
You might incur built-out cost if the interior and/or exterior of your location to meet our design specifications as set forth in the System Documentation.
We recommend the size of the real estate brokerage to be approximately 750 to 2,000 square feet.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the recommended size for a real estate brokerage is approximately 750 to 2,000 square feet. This recommendation is part of the considerations a prospective franchisee should keep in mind when securing a location for their business. Engel & Volkers must approve the location before a franchisee signs a lease, ensuring it meets the brand's standards.
In addition to the size, the FDD also notes that franchisees might incur build-out costs to ensure the interior and exterior of the location align with Engel & Volkers's design specifications, as detailed in the System Documentation. These specifications are provided after the Franchise Agreement is signed, so franchisees should factor in potential renovation expenses when budgeting for their initial investment.
Securing an appropriate location is a critical step in establishing an Engel & Volkers franchise, and adhering to the recommended size and design standards is essential for brand consistency and customer experience. Prospective franchisees should carefully evaluate potential locations and associated costs to ensure they meet both Engel & Volkers's requirements and their own financial capabilities.