Start-Up Costs and Fees |
||
| Engel & Voelkers | Elliott & Company Appraisers | |
| Investment | 176000 - 320500 | 3700 - 18900 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 8-18% |
| Advertising Fee | 1.50% | |
| Year Founded | 1977 | 1980 |
| Year Franchised | 1998 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Engel & Voelkers | Elliott & Company Appraisers | |
| Experience | ||
Financing Options |
||
| Engel & Voelkers | Elliott & Company Appraisers | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Engel & Voelkers | Elliott & Company Appraisers | |
| Training | 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. | State required continuing education every year |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Engel & Voelkers | Elliott & Company Appraisers | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Franchise Fee | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Royalty Fee | |
| Engel & Voelkers | 6% |
| Elliott & Company Appraisers | 8-18% |
| Advertising Fee | |
| Engel & Voelkers | 1.50% |
| Elliott & Company Appraisers | |
| Year Founded | |
| Engel & Voelkers | 1977 |
| Elliott & Company Appraisers | 1980 |
| Year Franchised | |
| Engel & Voelkers | 1998 |
| Elliott & Company Appraisers | 1993 |
| Term Of Agreement | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | 5 years |
| Renewal Fee | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | $500 |
Business Experience Requirements |
|
| Experience | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
Financing Options |
|
| Franchise Fees | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Start-up Costs | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Equipment | |
| Engel & Voelkers} | |
| Elliott & Company Appraisers | |
| Inventory | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Receivables | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
| Payroll | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |
Training & Support |
|
| Training | |
| 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. |
| Elliott & Company Appraisers | State required continuing education every year |
| Support | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Engel & Voelkers | 0 |
| Elliott & Company Appraisers | |
| International Expansion | |
| Engel & Voelkers | |
| Elliott & Company Appraisers | |