ENGEL & VÖLKERS Franchise Startup Cost, Revenue and Profit Margin
Are you wondering “how much is an Engel & Völkers Franchise?” then it is so much likely that you have so many other questions that you might want answered before you take the step to become a franchisee.
As it is with other franchises, buying into an Engel & Völkers franchise also comes with its own risk but if you are able to follow the rules and regulations that are laid down by the franchisor, then you have a great chance of achieving success.
The company’s franchise is quite profitable if you approach it with the right determination and expertise.
ABOUT THE COMPANY
Engel & Völkers can be considered as one of the leading companies in the world that specialise in the sales and rentals of residential and commercial properties, aircrafts and yachts. Owing to the company’s licensing system and a total number of about 6,300 staff members from across the world, Engel & Völkers is just the only company of German origin that is listed among the top 100 franchises in the world.
Close to 580 units of the company specialises in top class residential real estate and about 65 units focus on commercial buildings brokerage, retail, investment properties, apartments and property portfolios.
IS ENGEL & VÖLKERS A FRANCHISE?
Engel & Völkers is a franchise and the company has been selling franchise opportunities since the year 1997. They have units spread across different countries of the world and the company is considered to be among the real estate companies with a highly performing franchise model.
THE ENGEL & VÖLKERS FRANCHISE OFFER
The franchisee will be offered the opportunity to operate an Engel & Völkers property unit set up for the marketing of commercial and residential properties under the Engel & Völkers brands.
WHO CAN BUY INTO AN ENGEL & VÖLKERS FRANCHISE
If you consider yourself to be a strong leader with a good zeal to run a business and also posses lots of passion for real estate with so much drive, then you are welcome to be part of the Engel & Völkers franchise family.
As a franchise owner with the company, you will own your own property firm under the company’s brand name and also benefit so much from the security offered by one of the top real estate franchises in the world that has so much recognition. You will also be benefiting from so much unlimited sales opportunities that the company offers.
HOW MUCH DOES AN ENGEL & VÖLKERS FRANCHISEE MAKE?
The amount of money that you can make with this franchise will depend on so many factors, which will include the local environment that you live in, the cost of labor in that environment, rental fees for properties and so many other factors. But irrespective of the location that you find yourself, be rest assured that buying into an Engel & Völkers franchise will offer you that freedom that you have always desired in life and in business.
HOW MUCH DOES AN ENGEL & VÖLKERS FRANCHISE COST?
The sum of all the investment needed to establish a franchise unit is the Engel & Völkers franchise cost. For you to be able to buy into the company’s franchise, you will need an investment in the tune of $100,000 to about $300,000. As a new franchisee with the company, you are also expected to have liquid assets to the tune of about $200,000.
ENGEL & VÖLKERS FRANCHISE FEE
The Engel & Völkers franchise fee is the payment that a new franchisee makes to the company to grant them the license to operate under the company’s brand name and identities. The initial franchise fee payment is non-refundable and renewable after a set period of time. The initial franchise fee is $35,000.
Additionally, new franchisees with the company will also need to make an on-going royaltyfee of 6% and an ad royalty fee of 2% of the monthly gross revenue of the franchise unit.
New franchisees with Engel & Völkers will be taken through an intensive training with the company to acquaint them with the process of activities at the company. Trainings are mandatory and will run for a period of about 4 weeks and franchisees will be expected to attend the trainings before opening of their franchise unit.
Franchisees with Engel & Völkers will benefit from an exclusive protected territory as specified in the FDD. This territory will be defined by the area postal codes. And the company will not open an additional franchise unit within a protected area.
Engel & Völkers does not offer any form of funding to their franchisees, either directly or indirectly.
HOW TO OPEN AN ENGEL & VÖLKERS FRANCHISE
Information on how to open an Engel & Völkers franchise as given in this article will not be complete under prospects submit their application via the company’s website. Once the application is received, feedback will be given after some days.
If the company considers the applicant for a franchise opportunity, a franchise manager will then be assigned to them to assist them in setting up their new franchise unit.