General

Industry

Real Estate

Category

Brokerage Services

SBA Identifier

S5215

Year of Founding

2005

Fees

Marketing Fee

Varies

Royalty Fee

Varies

Franchise Fee

$35,000-$35,000

Investment Range

$92K-$424K

Location units

Total U.S. Locations

167

U.S. Franchised Units

167

U.S. Corporate Units

0

Headquarters (City)

New York

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2006

Issuance of FDD Data

03/31/2022

What to know about Engel & Volkers franchise?

The franchise offered is the right to own and operate an Engel & Völkers Residential Real Estate Brokerage for the marketing of residential property.

Engel & Volkers is based in New York, NY. Scroll down to learn more!

How much does a Engel & Volkers franchise cost?

Are you wondering how much is a Engel & Volkers franchise? Before starting a Engel & Volkers franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Engel & Volkers franchise is $91,690 and can go all the way up to $423,592. Keep in mind, you should also allocate additional funds to live off of while the Engel & Volkers business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Engel & Volkers franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Engel & Volkers business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Engel & Volkers franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 28 19 0 47
2017 47 30 1 76
2018 76 20 11 85
2019 110 55 12 128
2020 128 27 3 152
2021 152 19 4 167

Additional Details

How much does a Engel & Volkers franchise owner make?

Engel & Volkers franchise earnings and revenue can vary significantly from one franchisee to another.
The Engel & Volkers franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Engel & Volkers unfortunately does not disclose financials on how much Engel & Volkers franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Engel & Volkers does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Engel & Volkers franchisees. Do note that Engel & Volkers is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Engel & Volkers franchisees to understand how much money they are making from their Engel & Volkers business.

You should also speak to former Engel & Volkers franchisees to understand why they left the system. Did they sell their Engel & Volkers at a profit? Were they forced to close their Engel & Volkers franchise down because it kept losing money?

What is the Engel & Volkers franchise fee?

Owning a Engel & Volkers franchise requires Varies royalty fee and Varies marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Engel & Volkers Franchise Disclosure Document

Keep in mind, there is also an initial Engel & Volkers franchise fee of $35,000 that is included in the initial investment amount of $91,690 to $423,592. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Engel & Volkers franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Engel & Volkers franchise fee of $35,000.

Visit the Engel & Volkers metrics tab to explore the financials for this business, royalty and marketing fees compare to other Real Estate franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Engel & Volkers founded?

Engel & Volkers started offering franchises in 2006. Engel & Volkers was founded 17 years ago in 2005.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Engel & Volkers locations are in the U.S.?

As of 2022, there were 167 locations across the U.S. There are also corporate locations. Most Real Estate franchises like Engel & Volkers have more franchised locations than corporate locations.

How many Engel & Volkers franchises opened over the past few years?

Over the prior 3 years we have data for, Engel & Volkers has opened 101 outlets throughout the U.S. Visit the Engel & Volkers metrics tab to explore how the openings compare to other Real Estate franchises.

How many Engel & Volkers franchises closed over the past few years?

Over the prior 3 years we have data for, Engel & Volkers has closed 19 outlets throughout the U.S

Visit the Engel & Volkers metrics tab to explore how the openings compare to other Real Estate franchises.

Is Engel & Volkers growing? Are they opening more locations than they are closing?

The net unit growth rate for Engel & Volkers over the past 3 years is 52%. Over the last year we have data for, Engel & Volkers had a net unit growth rate of 10%.

Without a comparison, this number doesn’t mean much. Compare how the Engel & Volkers growth rate compares to 2,000+ other franchises and Industry franchises like Engel & Volkers. More info in the Engel & Volkers metrics tab.

Is Engel & Volkers franchise eligible for an SBA Loan?

Engel & Volkers is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Engel & Volkers franchise was assigned the SBA Franchise ID of S5215 on 04/17/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Engel & Volkers that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Engel & Volkers a franchise in the United States?

According to the SBA, Engel & Volkers meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Engel & Volkers provides you with an FDD if you are in discussion to buy a Engel & Volkers.

What is the Engel & Volkers Franchise for Sale Rate?

The Engel & Volkers systemwide health and franchisee satisfaction can be measured by the Engel & Volkersfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Engel & Volkers franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Engel & Volkers had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Engel & Volkers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Engel & Volkers. More info in the Engel & Volkers metrics tab.

What is the Engel & Volkers Franchise Failure Rate?

Engel & Volkers franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Engel & Volkers failure rate over the past 3 years is 11%. Over the last year we have data for, Engel & Volkers had a franchise failure rate of 2%.

Without a comparison, this number doesn’t mean much. Compare how the Engel & Volkers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Engel & Volkers. More info in the Engel & Volkers metrics tab.

How can I find out more details on Engel & Volkers franchise?

Visit the Engel & Volkers metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Engel & Volkers

$257,641

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Engel & Volkers

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Engel & Volkers

$35,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Real Estate

Category

Brokerage Services

SBA Identifier

S5215

Year of Founding

2005

Fees

Marketing Fee

Varies

Royalty Fee

Varies

Franchise Fee

$35,000-$35,000

Investment Range

$92K-$424K

Location units

Total U.S. Locations

167

U.S. Franchised Units

167

U.S. Corporate Units

0

Headquarters (City)

New York

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2006

Issuance of FDD Data

03/31/2022

Detailed Franchise metrics for Engel & Volkers

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Engel & Volkers below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Engel & Volkers

19%

52%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Engel & Volkers

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Engel & Volkers

NA

11%

Industry median

All franchises median

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Business details

Company Name

www.evrealestate.com

Business email

**********@******.com

Mailing address

430 Park Avenue 11th Floor

State headquarters

New York

Owner Name

Engel & Volkers

Phone

+1 (000) 0********00

City

New York

Zip code

10022
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