Engel & Völkers Franchise FDD, Profits & Costs (2025)
Engel & Völkers Residential Real Estate Brokerage is a global real estate franchise specializing in the brokerage of premium residential and commercial properties, yachts, and private aviation. The company was founded in 1977 in Hamburg, Germany, by Dirk Engel and Christian Völkers. It is currently headquartered in Hamburg, with a presence in over 30 countries around the world.
The franchise began offering its services through a franchise model in 1998, allowing independent brokers to operate under the Engel & Völkers brand. Engel & Völkers offers a full range of real estate services, including the sale and rental of high-end residential properties, commercial spaces, and development projects.
The company differentiates itself from competitors through its exclusive focus on luxury markets, a strong brand identity, a standardized store design, and a global network that provides a competitive advantage. They also provide specialized services in yacht and private aviation brokerage, further enhancing their appeal to high-net-worth clients.
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Initial Investment
How much does it cost to start a Engel & Völkers franchise? It costs on average between $177,000 – $424,000 to start a Engel & Völkers franchised business.
This includes costs for office setup, technology infrastructure, furnishings, inventory, and initial operating expenses.
The exact amount varies based on factors such as the office location, size, and whether the franchisee opts to lease or purchase the property. Additionally, the level of customization and local market conditions can influence the overall investment.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | Minimum of $35,000 |
| Training Fees | $690 – $5,594 |
| Training Fee for brokerage manager | $0 to $2,498 |
| Travel and Accommodation Expenses While Training | $5,000 – $10,000 |
| Leasehold Improvements | Varies |
| License and Trade Requirements | Varies |
| Furniture, Equipment and Signage | $50,000 – $120,000 |
| Supplies | $5,000 – $15,000 |
| MLS Research/Set Up Fee | Varies |
| Computer and Network | $15,000 – $30,000 |
| Advertising | $3,500 – $15,000 |
| Insurance | $5,000 – $8,000 |
| Grand Opening | $5,000 – $25,000 |
| Printing and Promotional Supplies | $2,500 – $7,500 |
| Additional Funds – 3 Months | $50,000 – $150,000 |
| Totals | $176,690 – $423,592 |
Competitors
Below are a few Engel & Völkers competitors as a comparison:
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We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
Engel & Völkers Residential Real Estate Brokerage Franchise Disclosure Document
Frequently Asked Questions
How many Engel & Völkers locations are there?
As of the latest data, Engel & Völkers has 196 franchised units and no company-owned units, bringing the total number of units to 196.
What is the total investment required to open a Engel & Völkers franchise?
The total investment required to open a Engel & Völkers franchise ranges from $177,000 to $424,000.
What are the ongoing fees for a Engel & Völkers franchise?
Engel & Völkers franchisees pay an 8% royalty fee and a marketing fee to support both local and national advertising efforts.
What are the financial requirements to become a Engel & Völkers franchisee?
To become an Engel & Völkers franchisee, the financial requirements include a minimum net worth of $1,000,000 and liquid capital of at least $200,000. These financial thresholds ensure that potential franchisees have the necessary resources to invest in and successfully operate an Engel & Völkers location.
Who owns Engel & Völkers?
Engel & Völkers franchise is owned by Engel & Völkers AG, a global company headquartered in Hamburg, Germany. The company was founded by Dirk Engel and Christian Völkers. It operates through a network of franchised locations worldwide.
Disclaimer
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