Start-Up Costs and Fees |
||
| Why USA | Engel & Voelkers | |
| Investment | 17000 - 103400 | 176000 - 320500 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 6% |
| Advertising Fee | 1.50% | |
| Year Founded | 1988 | 1977 |
| Year Franchised | 1989 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Why USA | Engel & Voelkers | |
| Experience | ||
Financing Options |
||
| Why USA | Engel & Voelkers | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Why USA | Engel & Voelkers | |
| Training | 2 conferences per year, monthly tele-conferences | Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants. |
| Support | Meetings, Internet, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks | |
| Operations | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Why USA | Engel & Voelkers | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Why USA | |
| Engel & Voelkers | |
| Franchise Fee | |
| Why USA | |
| Engel & Voelkers | |
| Royalty Fee | |
| Why USA | Varies |
| Engel & Voelkers | 6% |
| Advertising Fee | |
| Why USA | |
| Engel & Voelkers | 1.50% |
| Year Founded | |
| Why USA | 1988 |
| Engel & Voelkers | 1977 |
| Year Franchised | |
| Why USA | 1989 |
| Engel & Voelkers | 1998 |
| Term Of Agreement | |
| Why USA | 3 years |
| Engel & Voelkers | |
| Renewal Fee | |
| Why USA | |
| Engel & Voelkers | |
Business Experience Requirements |
|
| Experience | |
| Why USA | |
| Engel & Voelkers | |
Financing Options |
|
| Franchise Fees | |
| Why USA | Yes |
| Engel & Voelkers | Yes |
| Start-up Costs | |
| Why USA | |
| Engel & Voelkers | |
| Equipment | |
| Why USA} | |
| Engel & Voelkers | |
| Inventory | |
| Why USA | |
| Engel & Voelkers | |
| Receivables | |
| Why USA | |
| Engel & Voelkers | |
| Payroll | |
| Why USA | |
| Engel & Voelkers | |
Training & Support |
|
| Training | |
| Why USA | 2 conferences per year, monthly tele-conferences |
| Engel & Voelkers | Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants. |
| Support | |
| Why USA | Meetings, Internet, Field operations/evaluations |
| Engel & Voelkers | |
| Marketing | |
| Why USA | Co-op advertising, Ad slicks |
| Engel & Voelkers | |
| Operations | |
| Why USA | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Engel & Voelkers | |
Expansion Plans |
|
| US Expansion | |
| Why USA | |
| Engel & Voelkers | |
| Canada Expansion | |
| Why USA | |
| Engel & Voelkers | 0 |
| International Expansion | |
| Why USA | |
| Engel & Voelkers | |