What were the total shares for Engel & Volkers on January 1, 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 5,689,286 440,642 | $ 19,192,223 6,257,898 377,715 |
| Total franchise revenues | 25,200,315 | 23,071,088 | 25,827,836 |
| Fees from other services | 2,664,353 | 3,137,569 | 2,816,790 |
| Total revenues | 27,864,668 | 26,208,657 | 28,644,626 |
| Operating expenses: Cost of revenues Selling, general and administrative expenses | 1,252,495 26,034,453 | 1,170,369 22,942,512 | 1,380,832 23,023,016 |
| Total operating expenses | 27,286,948 | 24,112,881 | 24,403,848 |
| Income from operations | 577,720 | 2,095,776 | 4,240,778 |
| Other income (expense): Interest income Interest expense Foreign currency gain (loss) Other income Settlement expense | 112,234 (77,157) (52,249) 316,399 (4,938,200) | 92,839 - (8,297) 356,283 - | 37 (7,075) 75,221 557,888 - |
| Other income (expense), net | (4,638,973) | 440,825 | 626,071 |
| Income (loss) before provision for (benefit from) | (4,061,253) | 2,536,601 | 4,866,849 |
| income taxes | |||
| Provision for (benefit from) income taxes | (13,153) | 775,045 | 1,306,740 |
| Net income (loss) | (4,048,100) | 1,761,556 | 3,560,109 |
| Other comprehensive income (loss): | (141,272) | 30,285 | (54,080) |
| Foreign currency translation adjustment | |||
| COMPREHENSIVE INCOME (LOSS) | $ (4,189,372) | $ 1,791,841 | $ 3,506,029 |
**ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE YEARS ENDED DECE
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the total shares for the company on January 1, 2022, were 17,143. These shares were associated with an amount of $171,430, contributing to a total capital of $34,285,342. However, the company also reported a deficit of $(18,911,739) and a loss of $(8,582). This resulted in a total value of $15,536,451 for the company at the beginning of 2022.
For a prospective franchisee, this information provides a snapshot of the company's equity structure and financial standing at the beginning of 2022. It shows the number of shares issued and outstanding, along with the associated capital and accumulated deficit. Understanding these figures can help a franchisee assess the financial health and stability of Engel & Volkers.
It's important to note that while the total value was $15,536,451, the deficit of $(18,911,739) indicates that the company had accumulated losses exceeding its retained earnings at that time. This could be a point of further investigation for a potential franchisee, to understand the reasons behind the deficit and how the company has addressed it since then. The FDD also includes financial statements for subsequent years, allowing a franchisee to track the company's financial performance over time.