What was the total value of Engel & Volkers' total assets in 2024?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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Melville, New York
March 6, 2025
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,231,465 | $ 5,037,368 |
| Accounts receivable, net of allowances | 2,167,682 | 2,061,110 |
| Prepaid commissions - current | 188,622 | 178,052 |
| Notes receivable - current | - | 1,000,000 |
| Other receivables, net | 552,774 | - |
| Prepaid expenses and other current assets | 1,264,163 | 1,200,397 |
| Due from affiliates, net | 1,284,229 | - |
| Prepaid income taxes | - | 827,611 |
| Total current assets | 11,688,935 | 10,304,538 |
| Property and equipment, net | 379,986 | 541,881 |
| Operating lease right-of-use assets, net | 855,716 | 1,250,662 |
| Other assets: | ||
| Prepaid commissions, net o |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the company's total assets amounted to $26,822,688 as of December 31, 2024. This figure represents the sum of all current assets, property and equipment, operating lease right-of-use assets, and other assets held by Engel & Volkers. This information is derived from the consolidated balance sheets included in the FDD.
Specifically, the current assets, which are assets expected to be converted to cash or used up within one year, totaled $11,688,935. Property and equipment, net of depreciation, were valued at $379,986. Operating lease right-of-use assets, net of amortization, amounted to $855,716. The remaining assets, categorized as 'other assets,' which include items like prepaid commissions, notes receivable, deposits, intangible assets, capitalized software, and deferred income taxes, totaled $13,898,051.
Prospective franchisees should note that these figures reflect the overall financial health of Engel & Volkers and can be used to assess the company's stability and ability to support its franchisees. Reviewing the trends in asset values over the past few years, as presented in the FDD, can provide further insights into the company's financial performance and growth trajectory. Comparing these asset values with those of other franchise systems in the real estate industry can also help potential franchisees benchmark Engel & Volkers' financial position.