The franchised business being offered is Engel & Völkers Residential Real Estate Brokerage for the marketing of residential property.
Company Background
Since it was founded in 1973, Engel & V?lkers has grown into one of the world's leading international residential real estate brokerages. Our company offers a franchise opportunity that is sure to meet your needs and aspirations. Engel & V?lkers Residential Real Estate Brokerage is a global network with over 200 franchises in more than 50 countries on five continents. This number continues to grow rapidly as we expand our operations worldwide. As part of this global network, you have access to an extensive range of services and expertise from around the world through our comprehensive training program - all without having to invest heavily in your own infrastructure or recruiting locally qualified staff yourself.
Franchise Opportunity
You're a real estate agent who wants to offer your clients the best service possible. But you can't do that unless you have access to the latest technology, tools and support. Most franchise systems are old school and don't understand how important it is for agents to be able to market themselves online effectively. They also make it hard for their franchisees to provide quality customer service because they sell them on outdated marketing strategies like print advertising or direct mail campaigns which don't work in today's world of digital marketing. Engel & V?lkers offers cutting edge online tools and training so that you can market yourself as an expert in your local area without having any experience with social media or blogging platforms like WordPress. We'll even teach you how to use Facebook ads so that prospective home buyers will find your profile when they search Google! Plus, we'll give you 24/7 access through our mobile app where you can update listings from anywhere at anytime
Corporate Structure
The franchisor is Engel & Völkers Americas, Inc., a Delaware corporation incorporated on November 17, 2005, with its principal place of business at 430 Park Avenue, 11th Floor, New York, NY 10022. Its ultimate parent is Permira VII Inv. Platform S.à.r.l, a Luxembourg limited liability company.
Earnings Transparency
1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
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Distribution of Engel & Volkers Franchisees
Engel & Volkers Franchise System Development in 2024
FAQ
How much investment do I need to start my own Engel & Volkers business?
Franchisees typically require at least $176,690 to $423,592 investment to get their Engel & Volkers business started
What are the initial franchise fees for Engel & Volkers?
Franchisees typically need to pay at least $35,690 in fees directly to Engel & Volkers in order to earn the right to launch their business
How much money can I make with a Engel & Volkers franchise? What are
the average revenues for a typical Engel & Volkers business?
We haven’t done the math on how much revenue a typical
Engel & Volkers brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$932,459 revenue, so we would expect
Engel & Volkers to generate a similar amount
How long do I need to commit to running a Engel & Volkers unit? What
is my contractual commitment?
Engel & Volkers franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
1 /10
The Franchisor's investment costs ranges from
$176,690 to $423,592
which is
Much Higher
than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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