What were the total revenues for Engel & Volkers in 2023?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accumulated other comprehensive loss | | (173,649) | | (32,377) | | | | Total shareholders' | | 16,644,949 | | 20,834,321 | | | | equity | | | | | | | | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 26,822,688 | $ | 26,366,821 | | |
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Franchise revenues: Franchise royalties Marketing and brand advisor fees Admission fees | $ 18,466,125 6,334,362 399,828 | $ 16,941,160 5, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the total revenues for the company in 2023 were $26,208,657. This figure represents the consolidated revenues of Engel & Völkers Americas, Inc. and its subsidiary. The total revenue is derived from several sources, including franchise royalties, marketing and brand advisor fees, admission fees, and fees from other services.
Breaking down the revenue streams, franchise royalties contributed $16,941,160, marketing and brand advisor fees amounted to $5,689,286, and admission fees accounted for $440,642. An additional $3,137,569 came from fees for other services. These various revenue streams highlight the different ways Engel & Volkers generates income through its franchise system and related services.
For a prospective franchisee, understanding the revenue composition of Engel & Volkers is crucial. It provides insight into the relative importance of different income sources and can help in evaluating the potential financial performance of a franchise. The consistent revenue from franchise royalties suggests a stable income base, while the marketing and brand advisor fees indicate the value franchisees place on the brand's marketing support. The fees from other services could represent additional opportunities for franchisees to generate revenue beyond the standard franchise model.
It is important to note that these figures represent the total revenues for Engel & Volkers Americas, Inc. and its subsidiary, not the revenues of individual franchise locations. A prospective franchisee would need to further investigate the potential revenues and expenses at the shop level to assess the profitability of operating an Engel & Volkers franchise.