Franchise news


Engel & Völkers franchise group adds yachts to its range

The Engel & Völkers Group, which specializes in selling high quality properties, has opened up a new business division. This franchise company has announced that it is now also selling yachts and that it has already opened up its first office for this business division in London. It is planning to set up further branches in Hamburg, Palma de Mallorca and Monaco. Once these offices have been established on the market, the company will then be granting defined regions to franchisees as it already does for its property section.

According to Engel & Völkers, it is one of the first German agencies to enter the yachting market. It believes it has a competitive advantage thanks to its extensive network of shops and offices in 23 countries on four continents which means it also has a wide number of customers. “We know which customers are interested in buying or chartering a yacht as they are already interested in top properties on top locations,” said Christian Völkers, founder and board chairman of Engel & Völkers AG. The company is looking to concentrate on the business segment of selling and chartering so-called ‘super yachts’ and – as is the case for its property business – act as independent advisers in this area.

The Engel & Völkers Group currently consists of more than 300 shops selling residential properties as well as business offices selling office, retail and industrial properties, investment properties, residential and business properties as well as property portfolios.


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