
Carvel
Ice cream, ice cream cakes- Units as of 2020
-
352 (46 lost in 3 years)13.1%
- 2021 Franchise 500 Rank
-
#273 Ranked #361 last year
- Initial investment
-
$307K - $488K
Company Overview
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
Franchising Overview
- Franchising Since
- 1947 (74 years)
- # of employees at HQ
- 29
- Where seeking
-
This company is seeking new franchisees worldwide.
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia
- # of Units
- 352 (as of 2020)
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
- Initial Investment
- $306,550 - $488,400
- Net Worth Requirement
- $350,000 - $675,000
- Cash Requirement
- $140,000 - $300,000
- Veteran Incentives
- $10,000 off franchise fee
- 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-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesRegional AdvertisingMarketing Planning & SupportSocial MediaSEOEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- 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.
Franchise 500 Ranking
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