What was the total number of Engel & Volkers outlet transfers 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's 2025 Franchise Disclosure Document, there were a total of 49 outlet transfers in 2023. This figure represents the total number of existing Engel & Volkers locations that changed ownership from one franchisee to another during that year. This number includes residential real estate brokerages operated by master franchisees.
For a prospective franchisee, this statistic can provide insights into the stability and desirability of existing Engel & Volkers franchise locations. A higher number of transfers might suggest a more active market for franchise resales, potentially offering opportunities to acquire established businesses. However, it could also indicate challenges faced by some franchisees, leading them to sell their locations.
It's important to consider the reasons behind these transfers. Are franchisees selling due to retirement, relocation, or underperformance? Understanding the context behind the transfers can help a potential franchisee assess the risks and opportunities associated with investing in an Engel & Volkers franchise. Further due diligence, including speaking with current and former franchisees, would be prudent to gain a comprehensive understanding.