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Franchise 500 2023
2024 Franchise 500 Rank
#161 Ranked #148 last year
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Initial investment
$68K - $536K
Units as of 2023
352 Increase 0.0% over 3 years

 

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Company Overview

About Carvel

Industry Food
Related Categories Ice Cream, Ices
Founded 1934
Parent Company Focus Brands LLC
Leadership Jim Salerno, Chief Brand Officer
Corporate Address 5620 Glenridge Dr. N.E.
Atlanta, GA 30342
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 1947 (77 years)
# of employees at HQ 57
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Africa, Asia, Australia/New Zealand, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America, Mexico

# of Units 352 (as of 2023)

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 Information Circle
$10,500 - $30,500
Initial Investment Information Circle
$67,875 - $536,400
Net Worth Requirement Information Circle
$350,000
Cash Requirement Information Circle
$140,000
Veteran Incentives Information Circle
$10,500 off franchise fee
Royalty Fee Information Circle
$2.88/gallon
Ad Royalty Fee Information Circle
$2.50/gallon
Term of Agreement Information Circle
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 16-77 hours
Classroom Training 16-30 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 2-6
Are exclusive territories available? Information Circle
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

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022