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CARVEL

CARVEL

Carvel franchises retail ice cream shoppes that sell soft serve ice cream, hand-dipped ice cream, novelties, and ice cream cakes through various formats including full shoppes, express shoppes, hosted express shoppes, ice cream trucks, and co-branded locations with Cinnabon. The business model involves franchising these outlets to operators who sell Carvel-branded frozen desserts and treats. The target market is consumers seeking indulgent ice cream products, families, and dessert enthusiasts.

359locations
Since 1947
Food & BeverageAtlanta, GAGoTo Foods LLCwww.carvel.comDisclaimer

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Franchise Costs

Franchise Fee
$35,500
Initial Investment
N/A
Royalty Rate
6.00%
Brand Fund
3.00%
Fixed Monthly Fees
$159 – $397

6% royalty + 3% ad fund + $159-$397/mo POS system fees

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$496,287
Median Gross Revenue
$469,711
Top Quartile Revenue
$779,624
Bottom Quartile Revenue
$248,690

Data Based On: Data represents 104 Eligible Streetside Franchises (single-branded full shoppes in streetside locations) for Fiscal Year 2025 (ended December 28, 2025) that reported sales through the designated POS System in all 52 weeks of the fiscal year.

* The provided Item 19 financial performance data consists solely of Average Net Sales. The document explicitly states in 'NOTES TO TABLE 1', point 3, that 'These sales figures do not reflect the costs of sales, operating expenses or other costs or expenses that must be deducted from the Net Sales figures to obtain your net income or profit.' Therefore, no profit or EBITDA metrics, nor estimated profit ranges, could be extracted or calculated.

Extracted Item 19 Section

Avg. Revenue: $496,287

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How CARVEL Compares

FranchiseInvestmentFeeRoyaltyLocations
CARVEL
Current
N/A$36K6.0%359
RITA'S FRANCHISE COMPANY, LLC; RITA'S ICE-CUSTARD-HAPPINESS$315K – $713K$35K6.5%569
MENCHIE'S$180K – $515K$54K6.0%295
DIPPIN' DOTS$139K – $399K$35K6.0%260
MARBLE SLAB CREAMERY$355K – $477K$25K6.0%249
BRUSTER'S$415K – $1.1M$40K5.0%219
Desserts & Ice Cream Average
28 franchises
$326K – $656K$37K7.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 28 Desserts & Ice Cream franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2025)

Outlets by state across the United States

Top States
1NY
207
2NJ
50
3FL
40
4CT
16
5PA
7
6CA
6
7MA
5
8MI
5
9VA
3
10MD
2
11MN
2
12GA
2
13OH
2
14IL
2
15DE
2

+10 more states

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SBA Loan History


Historical SBA 7(a) loan data for CARVEL franchisees (20102025)

Total Loans
18
Average Loan
$326,667
Total Volume
$5.9M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

18 SBA loans on record

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Franchisee Contacts

291 franchisee contacts on file from official FDD filings.

291 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases2

Primarily termination disputes, breach of contract, trademark infringement, and franchisee arbitration requests.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
8
Non-Renewals
4
Reacquired
0
Ceased Ops
0
Transfers
10
Sold to Franchisees
0
Projected New
25

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Frequently Asked Questions

CARVEL does disclose financial performance data (Item 19) in their 2026 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.