Engel & Völkers is a prestigious real estate franchise renowned for its focus on luxury properties and high-end clientele. Established in Hamburg, Germany, in 1977 by Dirk Engel and Christian Völkers, the brand has grown into a worldwide name with operations spanning more than 30 countries.
Since transitioning to a franchise model in 2006, Engel & Völkers has empowered independent professionals to offer its signature premium services under its globally recognized brand. The company specializes in the sale and leasing of upscale residential homes, commercial properties, and development ventures.
What sets Engel & Völkers apart is its commitment to the luxury market, a unified and elegant brand presentation, and a vast international network that enhances client reach and service quality.
The franchise also extends beyond real estate, offering elite brokerage services in the yachting and private aviation sectors—an added value for affluent customers seeking comprehensive lifestyle solutions.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Engel & Völkers provides a detailed and multi-layered training structure designed to ensure franchisees and their teams are fully equipped to operate under the brand's standards. Here are the training programs provided by the franchisor:
Engel & Völkers provides franchisees with a “Protected Area,” which is typically defined by U.S. postal zip codes. Within this territory, the franchisor agrees not to place another Engel & Völkers Residential Real Estate Brokerage, as long as the franchisee is not in default.
This exclusivity applies to the establishment of physical brokerage locations and is intended to preserve market integrity for each franchisee. However, this territory protection does not prevent other franchisees, affiliates, or the franchisor from advertising, marketing, or even soliciting clients within the Protected Area.
They may conduct national or internet-based promotions that reach customers in any region, including areas granted to other franchisees. The franchisor also reserves the right to reduce the Protected Area if the franchisee fails to open agreed-upon additional locations.
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Below are some of
Engel & Völkers Residential Real Estate Brokerage
key competitors in the
Broker/Realtor
sector.
190
$35,000
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The Agency
$100K - $200K
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1 Percent Lists
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$15,000
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PropertyGuys.com
Under $25K
4
$20,000
$22,000
$81,000
n.a.
$0
$xxx,xxx
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