What was the total number of Engel & Volkers franchise transfers across all states in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 5 |
| 2023 | 8 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Idaho | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 0 | |
| Nevada | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 0 | |
| Utah | 2022 | 0 |
| 2023 | 7 | |
| 2024 | 0 | |
| Washington | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 1 | |
| Wyoming | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| TOTAL | 2022 | 9 |
| 2023 | 49 | |
| 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, there were a total of 49 franchise transfers across all states in 2023. This number reflects existing Engel & Volkers franchisees selling their businesses to new owners. Franchise transfers can occur for a variety of reasons, such as the franchisee retiring, pursuing other business ventures, or facing financial difficulties. A high number of transfers could indicate instability within the franchise system, but it could also simply reflect a healthy market for buying and selling established Engel & Volkers businesses.
For a prospective Engel & Volkers franchisee, understanding the transfer rate is important for several reasons. It provides insight into the resale market for Engel & Volkers franchises, which can be a factor in the franchisee's exit strategy. Knowing the number of transfers can also help a potential franchisee assess the overall health and stability of the franchise system. A high transfer rate might warrant further investigation to understand the underlying causes and potential risks. Conversely, a low transfer rate could suggest that franchisees are generally satisfied with their businesses and are less likely to sell.
It is also important to note that the transfer figures provided in the FDD represent the total number of transfers system-wide. The number of transfers in a specific state or region may vary depending on local market conditions and other factors. A prospective franchisee should consider these factors when evaluating the transfer rate and its potential impact on their investment. Reviewing the trends in specific states of interest can provide a more granular understanding.
In addition to the total number of transfers, the FDD also provides information on the number of transfers in specific states. For example, in 2023, there were 2 transfers in Arizona and 23 transfers in California. This information can be helpful for prospective franchisees who are interested in a particular market. By comparing the transfer rates in different states, they can gain a better understanding of the opportunities and challenges in each market.