Carvel
#361 Franchise 500| Ice cream, ice cream cakes

About
Founded

1934

Franchising Since

1947 (73 Years)

Corporate Address

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

Leadership

Steve DeSutter, CEO

Parent Company

Focus Brands Inc.

Financial Requirements
Initial Investment

$250,600 - $415,500

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

$2.44/gallon

Ad Royalty Fee

$2.13/gallon

Financing Options

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

Veteran Incentives

$10,000 off franchise fee

Support Options
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

On-The-Job Training:

80-90 hours

Classroom Training:

32-34 hours

Additional Training:

Additional training annually

Absentee Ownership Allowed
Number of Employees Required to Run:

2 - 6

Carvel is ranked #361 in the Franchise 500!
Bio
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.

Cost
Initial Investment: Low - $250,600 High - $415,500
Units
-4.6%-17 UNITS (1 Year) -14.6%-61 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new units internationally.

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Disclaimer

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 3rd, 2019