- 2025 Franchise 500 Rank
-
#125 Ranked #161 last year
- Initial investment
-
$379K - $591K
- Units as of 2024
-
362 3% over 3 years
Company Overview
About Carvel
Industry | Food |
---|---|
Related Categories | Ice Cream, Ices, Desserts |
Founded | 1934 |
Parent Company | GoTo Foods |
Leadership | Jim Salerno, Chief Brand Officer |
Corporate Address |
5620 Glenridge Dr. N.E. Atlanta, GA 30342 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, TikTok |
Business Overview
Franchising Since | 1947 (78 years) |
---|---|
# of employees at HQ | 115 |
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 | 362 (as of 2024) |
Line graph showing the number of units this franchise had for the last 5 years. |
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
|
$30,500 |
---|---|
Initial Investment
|
$379,045 - $590,860 |
Net Worth Requirement
|
$350,000 |
Cash Requirement
|
$140,000 |
Veteran Incentives
|
$10,500 off full-shop franchise fee ($30,500) |
Royalty Fee
|
$3.02/gallon |
Ad Royalty Fee
|
$2.63/gallon |
Term of Agreement
|
20 years |
Is franchise term renewable? | Yes |
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 | 60 hours |
---|---|
Classroom Training | 25 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 |
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?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 2-6 |
Are exclusive territories available?
|
Yes |
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 #125 in 2025
Franchise 500
Ranked #29 in 2023
Top Home-Based & Mobile Franchises
Ranked #131 in 2024
Top Global Franchises
Ranked #4 in Ice Cream in 2022
Top Food Franchises
Ranked #15 in 2024
Top Franchises for Less Than $100,000
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