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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.
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Franchise Costs
6% royalty + 3% ad fund + $159-$397/mo POS system fees
Financial Performance
Item 19 Financial Performance
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
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
CARVEL Current | N/A | $36K | 6.0% | 359 |
| RITA'S FRANCHISE COMPANY, LLC; RITA'S ICE-CUSTARD-HAPPINESS | $315K – $713K | $35K | 6.5% | 569 |
| MENCHIE'S | $180K – $515K | $54K | 6.0% | 295 |
| DIPPIN' DOTS | $139K – $399K | $35K | 6.0% | 260 |
| MARBLE SLAB CREAMERY | $355K – $477K | $25K | 6.0% | 249 |
| BRUSTER'S | $415K – $1.1M | $40K | 5.0% | 219 |
Desserts & Ice Cream Average 28 franchises | $326K – $656K | $37K | 7.0% | – |
* 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
+10 more states
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SBA Loan History
Historical SBA 7(a) loan data for CARVEL franchisees (2010 – 2025)
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)
Primarily termination disputes, breach of contract, trademark infringement, and franchisee arbitration requests.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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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.
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