In what year were there 4 Engel & Volkers outlet transfers in Florida?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
a | 2022 | 1 | | | 2023 | 2 | | | 2024 | 0 | | California | 2022 | 0 | | | 2023 | 23 | | | 2024 | 0 | Notes: (1) All numbers are set forth as of December 31 of each year.
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Table No. 3 Our Franchised Residential Real Estate Brokerages Status of Franchised Outlets for Years 2022 to 2024
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 5 |
| 2023 | 8 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Idaho | 2022 | 2 |
| 2023 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, there were 4 outlet transfers in Florida during the year 2023. This information is based on transfers of outlets from existing franchisees to new owners, excluding transfers to the franchisor itself. All data is recorded as of December 31st of each year.
This data point is relevant for prospective franchisees as it provides insight into the resale market and the potential for transferring ownership of an Engel & Volkers franchise. A higher number of transfers might indicate a more liquid market for existing franchises, while a lower number could suggest fewer opportunities to acquire an existing business.
It's important to note that this transfer data does not include terminations, non-renewals, re acquisitions by Engel & Volkers, or closures for other reasons. These factors are listed separately in the FDD, offering a more comprehensive view of outlet changes. Reviewing all these categories can help a potential franchisee assess the stability and turnover of Engel & Volkers franchises in specific states.
Prospective franchisees should investigate the reasons behind outlet transfers in Florida and other states of interest. Understanding the motivations of franchisees who transferred their businesses can provide valuable insights into the challenges and opportunities associated with owning an Engel & Volkers franchise.