Units as of 2021
352 (3 years)
11.6%
2021 Franchise 500 Rank
#273 Ranked #361 last year
88
Initial investment
$307K - $488K

Company Overview

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.

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About Carvel

Industry
Food
Related Categories
Ice Cream, Food, Ices,
Founded
1934
Parent Company
Focus Brands LLC
Leadership
Jim Holthouser, CEO

Franchising Overview

Franchising Since
1947 (74 years)
# of employees at HQ
29
Where seeking
Franchisor is seeking new units internationally.
# of Units
352

Franchisor Information

Corporate Address
5620 Glenridge Dr. N.E.
Atlanta, GA 30342

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Carvel franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000 - $30,000
Initial Investment
$306,550 - $488,400
Net Worth Requirement
$350,000 - $675,000
Cash Requirement
$140,000 - $300,000
Royalty Fee
$2.49/gallon
Ad Royalty Fee
$2.17/gallon
Term of Agreement
20 years
Is franchise term renewable?
Yes

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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Carvel has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80 hours
Classroom Training
32 hours
Additional Training
Additional training annually
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Carvel landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Carvel ranked on other franchise lists? Find out below.

Ranked #273

In Franchise 500 Ranking

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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