What was the total number of Engel & Volkers outlets opened in all states during the year 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | | Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Alabama | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arizona | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arkansas | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | California | 2022 | 30 | 0 | 1 | 0 | 0 | 3 | 26 | | | 2023 | 26 | 11 | 0 | 0 | 0 | 1 | 36 | | | 2024 | 36 | 1 | 1 | 0 | 0 | 4 | 32 | | Colorado | 2022 | 10 | 1 | 0 | 0 | 0 | 0 | 11 | | | 2023 | 11 | 2 | 0 | 0 | 0 | 0 | 13 | | | 2024 | 13 | 0 | 1 | 0 | 0 | 0 | 12 | | Connecticut | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | District of | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Columbia | | | | | | | | | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Florida | 2022 | 37 | 7 | 3 | 0 | 0 | 1 | 40 | | | 2023 | 40 | 4 | 0 | 1 | 0 | 0 | 43 | | | 2024 | 43 | 8 | 3 | 0 | 0 | 1 | 47 | | Georgia | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 2 | 0 | 0 | 0 | 1 | 7 | | | 2024 | 7 | 0 | 0 | 0 | 0 | 1 | 6 | | Hawaii | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Idaho | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | Illinois | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Kansas | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Louisiana | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | | 2024 | 3 | 1 | 1 | 0 | 0 | 0 | 3 | | Maine | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Maryland | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Massachusetts | 2022 | 12 | 0 | 0 | 0 | 0 | 0 | 12 | | | 2023 | 12 | 1 | 0 | 0 | 0 | 1 | 12 | | | 2024 | 12 | 0 | 0 | 0 | 0 | 0 | 12 | | Michigan | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Minnesota | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Missouri | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Montana | 2022 | 12 | 3 | 0 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 1 | 0 | 0 | 0 | 1 | 15 | | | 2024 | 15 | 0 | 0 | 0 | 0 | 0 | 15 | | Nevada | 2022 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | New | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Hampshire | | | | | | | | | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New Jersey | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | New Mexico | 2022 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New York | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | | | 2024 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | North Carolina | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 3 | 0 | 0 | 0 | 1 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 1 | 7 | | Ohio | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Oklahoma | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 1 | 2 | | Oregon | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | | Pennsylvania | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | Column 1 State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Terminations | Column 6 Non-Renewals | Column 7 Reacquired by Franchisor | Column 8 Ceased Operations- Other Reasons | Column 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Rhode Island | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | South Carolina | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | | South Dakota | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Tennessee | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Texas | 2022 | 11 | 1 | 0 | 0 | 0 | 1 | 11 | | | 2023 | 11 | 0 | 0 | 0 | 0 | 2 | 9 | | | 2024 | 9 | 1 | 0 | 0 | 0 | 0 | 10 | | Utah | 2022 | 5 | 2 | 0 | 0 | 0 | 1 | 6 | | | 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 0 | 0 | 0 | 0 | 1 | 6 | | Vermont | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Virginia | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2024 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | Washington | 2022 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | (1) All numbers are set forth as of December 31 of each year.
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**Table No.
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, the total number of outlets opened in all states during 2024 was 17. This is derived from the provided table which lists each state and the number of outlets opened during the specified year. By examining the 'Outlets Opened' column for the year 2024 across all listed states and summing those values, we arrive at the total of 17.
Specifically, the table provides a state-by-state breakdown of outlet activity, including the number of outlets at the start of the year, the number opened, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This level of detail can be valuable for prospective franchisees as it offers insight into the growth and stability of the franchise network in different geographic areas.
For a prospective franchisee, this data highlights the importance of location. While the overall number of new Engel & Volkers locations may seem positive, the state-by-state data reveals that growth is not uniform. Some states saw new openings, while others saw no change or even a decrease in the number of outlets. Therefore, understanding the market dynamics in their target area is crucial for anyone considering an Engel & Volkers franchise.