2015 Franchise 500
At a Glance

Products & Services: Ice cream, ice-cream cakes

Number of Locations: 445

Total Investment: $249.3K - $381.1K

Founded: 1934

Began Franchising: 1947

About Carvel

In 1934 Tom Carvel opened his first ice cream shop in Hartsdale, New York. Over the years, he developed formulas and equipment for creating and serving his ice cream. The company started franchising in 1947, and by 1951 had opened 100 stores.

Today the company distributes its line of ice cream, cakes, pies and other treats in its own locations and in stadiums, club stores and supermarkets.

Franchise Units

Year U.S. Canadian International Company Owned
2014 398 0 47 0
2013 411 0 39 11
2012 400 0 39 12
2011 399 0 35 15
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $249,300 - $381,100
Franchise Fee: $30,000
Ongoing Royalty Fee: $2.25/gallon
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: $10,000 off franchise fee
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 6. Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 10 days. At franchisee's location: 5 days. Additional training annually
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Broadcast media

Franchise Ranking History

Franchise 500®: #110 (2015), #110 (2014), #161 (2013), #199 (2012), #227 (2011),
America's Top Global: #120 (2015), #110 (2014), #137 (2013), #157 (2012), #178 (2011),

Franchise Search

Looking to Start a Business?

Express Employment Professionals has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

West Coast Franchise Expo - November 12-14 - Anaheim, CA

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info