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Engel & Völkers franchise financing options

Compare costs, fees and where to get financing for a Engel & Völkers.

Overall costs for Engel & Vu00f6lkers run anywhere from $51,690 to $318,592. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Engel & Vu00f6lkers franchise may result in higher or lower fees.

Equipment fees

Equipment fees total $67,500 for Engel & Vu00f6lkers. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, equipment and signage $15,000 to $120,000
Estimated total $15,000 to $120,000

Training fees

Engel & Vu00f6lkers initial training costs total $11,891 — more than the nationwide average of $9,788.
Training Cost
Training fees $690 to $5,594
Training fee for brokerage manager $0 to $2,498
Travel and accommodation expenses while training $5,000 to $10,000
Estimated total $5,690 to $18,092

Marketing costs

Advertisement and marketing costs total up to $14,250 for Engel & Vu00f6lkers, which is more than the nationwide average of $9,938.
Marketing Cost
Advertising $3,500 to $15,000
Printing and promotional supplies $2,500 to $7,500
Estimated total $6,000 to $22,500

Insurance costs

Initial insurance costs for Engel & Vu00f6lkers run $6,500. This means you'll be paying more than the overall nationwide average of $6,311.
Insurance Cost
Insurance $5,000 to $8,000
Estimated total $5,000 to $8,000

Other expenses

Miscellaneous expenses for Engel & Vu00f6lkers total $85,000 — more than the nationwide average of $69,970.
Other Cost
Three months' additional funds $20,000 to $150,000
Estimated total $20,000 to $150,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Engel & Vu00f6lkers is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Engel & Vu00f6lkers franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Engel & Vu00f6lkers about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $185,141 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Engel & Vu00f6lkers — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Engel & Vu00f6lkers opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Engel & Vu00f6lkers franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $51,690. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Engel & Vu00f6lkers stacks up

Compare how Engel & Vu00f6lkers holds up against two similarly sized franchises.
9Round Engel & Vu00f6lkers ActionCOACH
Average Franchise fees NA NA NA
Average Equipment fees NA $67,500 $2,000
Average Real estate fees NA NA $500
Average Training fees NA $11,891 $35,975
Average Inventory fees NA NA NA
Average Marketing fees NA $14,250 NA
Average Licenses and permits fees NA NA NA
Average Insurance fees NA $6,500 NA
Average Admin fees NA NA $2,597
Average Personnel fees NA NA NA
Average Other fees NA $85,000 NA

Bottom line

Engel & Vu00f6lkers franchise costs run a total of $185,141. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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