What was the total number of Engel & Volkers outlets at the end of 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| All States | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the total number of outlets at the end of 2024 was 0. This is based on the provided table which tracks the status of company-owned outlets from 2022 to 2024. The table indicates that at the start of 2024, there were 0 outlets, with no outlets opened, reacquired from franchisees, closed, or sold to franchisees during the year, resulting in 0 outlets at the end of 2024.
This data reflects the status of company-owned outlets, and it's important to note that the document also includes information on franchised residential real estate brokerages. However, the provided table specifically addresses company-owned outlets, showing no activity or presence in this category during the years 2022-2024.
Prospective franchisees should be aware of this distinction and carefully review all tables and disclosures within the FDD to understand the complete picture of Engel & Volkers' outlet network, including both franchised and company-owned locations. Understanding the dynamics of both types of outlets can provide valuable insights into the overall health and growth strategy of the franchise system.