For what years are the consolidated financial statements provided for Engel & Volkers Americas, Inc. and Subsidiary?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit I are (1) our audited financial statements which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes to the consolidated financial statements.
EXHIBIT I
FINANCIAL STATEMENTS
Audited Financial Statements
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY
CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the consolidated financial statements for Engel & Völkers Americas, Inc. and Subsidiary include data for the years ended December 31, 2024, 2023, and 2022. These statements encompass the consolidated balance sheets as of December 31, 2024 and 2023, along with the related consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows for each of the three years in the period ending December 31, 2024.
These financial statements offer prospective Engel & Volkers franchisees a three-year view of the company's financial performance. This allows franchisees to analyze trends in profitability, cash flow, and overall financial health. Reviewing these statements can help potential franchisees assess the financial stability and historical performance of Engel & Volkers.
The inclusion of these audited financial statements in the FDD is a standard practice in franchising, intended to provide transparency and assist potential franchisees in making informed decisions. The statements are prepared in accordance with accounting principles generally accepted in the United States of America.
It is important for potential franchisees to carefully review these financial statements, ideally with the assistance of a financial advisor, to fully understand the financial position and performance of Engel & Volkers Americas, Inc. and Subsidiary. Understanding the notes to the financial statements is also crucial, as they provide additional context and explanations of the figures presented.