What was the total number of Engel & Volkers franchise transfers in Arizona during the year 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 0 | |
| California | 2022 | 0 |
| 2023 | 23 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, there was one franchise transfer in Arizona during 2022. This information is part of a table that details the number of franchise transfers by state and year. The table also includes data for 2023 and 2024, showing two transfers in 2023 and zero in 2024 for Arizona.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner. A low number of transfers could indicate franchisee satisfaction or stability within the Engel & Volkers system. Conversely, a high number might suggest issues with profitability or franchisee support.
Prospective franchisees should investigate the reasons behind any franchise transfers to understand the health and stability of the Engel & Volkers franchise system in specific locations. Understanding the context behind these numbers can provide valuable insights into the potential challenges and opportunities of owning an Engel & Volkers franchise.