Carvel Franchise Opportunities
Carvel distributes its line of ice cream, cakes, pies and other treats in its own locations and in stadiums, club stores and supermarkets. In 1934 Tom Carvel opened his first ice cream shop in Hartsdale, New York. The company has operated retail stores selling ice cream and other frozen desserts and has granted franchises for these stores since 1947. As of 2018, Carvel operates more than 400 franchise and foodservice locations in more than 20 states and over 10 countries.
How much does Carvel franchise cost?
Carvel has the franchise fee of up to $30,000, with total initial investment range of $247,474 to $388,724.
Initial Investment: $247,474 - $388,724
Net-worth Requirement: $350,000
Liquid Cash Requirement: $140,000
Ongoing Fees
Initial Franchise Fee: $30,000
Ongoing Royalty Fee: $2.38/gallon
Ad Royalty Fee: $2.08/gallon
Initial Investment and Startup Costs
| Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $30,000 | $30,000 |
| Real Estate and Improvements | Varies | Varies |
| Construction Built-Out | $85,000 | $185,000 |
| Architect | $3,000 | $10,500 |
| Permits and Licenses | $1,500 | $3,000 |
| Signs, Graphics and Grand Opening Advertising | $ 16,000 | $25,000 |
| Large Equipment | $78,000 | $87,000 |
| Molds and Small Wares Package | $10,000 | $10,000 |
| Opening Inventory | $7,624 | $7,624 |
| Training Expenses | $1,750 | $2,000 |
| Initial Inventory Labels | $800 | $800 |
| Security deposit | $1,500 | $6,000 |
| Business Insurance | $1,500 | $2,500 |
| Additional Funds | $10,800 | $19,300 |
| Total | $247,474 | $388,724 |
Support Options
On-The-Job Training: 80 - 90 hours
Classroom Training: 32 - 34 hours
Additional Training: Additional training annually
Number of Employees Required to Run: 2 - 6
Carvel Franchise Info: https://carvelfranchising.com/
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Starting investments from:$247,474
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Company type:Cafe
- Company foundation year:1934
- Year of launching the franchise:1947
- Franchise enterprises:373
- Corporate Address:5620 Glenridge Dr. N.E. Atlanta, GA 30342, USA
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