What were the total franchise revenues for Engel & Volkers in 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accumulated other comprehensive loss | | (173,649) | | (32,377) | | | | Total shareholders' | | 16,644,949 | | 20,834,321 | | | | equity | | | | | | | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 26,822,688 | $ | 26,366,821 | | |
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| 2024 | 2023 | 2022 |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the total franchise revenues for 2022 were $25,827,836. This total is comprised of franchise royalties of $19,192,223, marketing and brand advisor fees of $6,257,898, and admission fees of $377,715. These figures represent the income Engel & Volkers earned from its franchise operations during that year.
For a prospective franchisee, understanding the components of Engel & Volkers' revenue streams can provide insight into how the franchisor generates income and the relative importance of different fees. Franchise royalties, being the largest component, likely reflect a percentage of the gross revenues of individual franchise locations. Marketing and brand advisor fees suggest ongoing support and brand management services provided by Engel & Volkers. Admission fees are typically one-time payments made by new franchisees upon joining the system.
It's important to note that these revenue figures reflect the performance of Engel & Volkers as a whole and may not be indicative of the potential financial performance of any individual franchise location. A prospective franchisee should conduct their own due diligence, including reviewing Item 19 of the FDD (if available) and speaking with existing franchisees, to gain a better understanding of the potential financial returns of an Engel & Volkers franchise. Additionally, understanding the specific services and support covered by the marketing and brand advisor fees is crucial for evaluating the value proposition of the franchise.