Engel & Volkers FDD Summary
Type of Business
The franchise offered is the right to own and operate an Engel & Völkers Residential Real Estate Brokerage for the marketing of residential property.
Corporate Information
Engel & Völkers U.S. Holdings, Inc. is a Delaware corporation that was incorporated on November 17, 2005. They began operations in February 2006. They do business only under the names Engel & Völkers and Engel & Völkers U.S. Holdings, Inc. As of December 1, 2013 their principal place of business is at 430 Park Avenue, 11th Floor, New York, NY 10022.
Investment
The total investment necessary to begin operation of an Engel & Völkers Residential Real Estate Brokerage franchise is $93,050 to $300,730 for a conversion real estate brokerage and $178,050 to $435,730 for a start-up real estate brokerage. This includes the $35,000 to $37,498 that must be paid to the franchisor or its affiliate.