Does the Carvel FDD provide a cross-section of the average revenue generated by Carvel franchises compared to Arby's, Baskin-Robbins, and Buffalo Wild Wings franchises?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
Arby's, have not offered franchises in any other line of business.
Arby's is a franchisor of quick-serve restaurants operating under the Arby's® trade name and business system that feature slow-roasted, freshly sliced roasted beef and other deli-style sandwiches. In July 2011, Arby's became an Affiliated Program through an acquisition. Arby's has been franchising since 1965. Predecessors and former affiliates of Arby's have, in the past, offered franchises for other restaurant concepts including T.J. Cinnamons® stores that served gourmet baked goods. All of the T.J. Cinnamons locations have closed. As of December 29, 2024, there were 3,365 Arby's restaurants operating in the United States (2,286 franchised and 1,079 company-owned), including one multi-brand location. Additionally, as of December 29, 2024, there were 231 single-branded franchised Arby's restaurants operating internationally.
Baskin-Robbins is a franchisor of Baskin-Robbins® restaurants that offer ice cream, ice cream cakes and related frozen products, beverages and other products and services. Baskin-Robbins became an Affiliated Program through an acquisition in December 2020. Baskin-Robbins has offered franchises in the United States and certain international markets for Baskin-Robbins restaurants since March 2006. As of December 29, 2024, there were 2,245 franchised Baskin-Robbins restaurants operating in the United States. Of those 2,245 restaurants, 974 were single-branded Baskin-Robbins restaurants, two were Baskin-Robbins restaurants operating at a multi-brand location, and 1,269 were Dunkin' and Baskin-Robbins combo restaurants. Additionally, as of December 29, 2024, there were 5,651 singlebranded franchised Baskin-Robbins restaurants operating internationally and in Puerto Rico.
Buffalo Wild Wings is a franchisor of sports entertainment-oriented casual sports bars that feature chicken wings, sandwiches, and other products, alcoholic and other beverages, and related services under Buffalo Wild Wings® name ("Buffalo Wild Wings Sports Bars") and restaurants that feature chicken wings and other food and beverage products primarily for offpremises consumption under the Buffalo Wild Wings GO name ("BWW-GO Restaurants"). Buffalo Wild Wings has offered franchises for Buffalo Wild Wings Sports Bars since April 1991 and for BWW-GO Restaurants since December 2020. As of December 29, 2024, there were 1,183 Buffalo Wild Wings Sports Bars operating in the United States (538 franchised and 645 company-owned) and 65 franchised Buffalo Wild Wings or B-Dubs restaurants operating outside the United States. As of December 29, 2024, there were 140 BWW-GO Res
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–24)
What This Means (2025 FDD)
The 2025 Carvel Franchise Disclosure Document does not provide a direct comparison of average revenues between Carvel franchises and those of Arby's, Baskin-Robbins, or Buffalo Wild Wings. However, the document does mention these brands as affiliated programs under Inspire Brands, Inc., indicating a common parent company. The FDD provides details on the number of franchised and company-owned locations for each of these brands as of December 2024.
Specifically, the document states that as of December 29, 2024, there were 3,365 Arby's restaurants operating in the United States, 2,245 franchised Baskin-Robbins restaurants, and 1,183 Buffalo Wild Wings Sports Bars. These figures offer a sense of the scale of each franchise system. However, without revenue figures, it's impossible to make a direct financial comparison.
A prospective Carvel franchisee would need to seek additional information, such as Item 19 financial performance representations for each of the brands, to conduct a meaningful comparison of potential revenues. It is important to note that past performance is not indicative of future results.
To gain a clearer understanding of the potential revenue of a Carvel franchise compared to these other brands, a potential franchisee should ask the franchisor directly for any available data or resources that could help in evaluating the financial performance of different franchise options. Additionally, consulting with current franchisees of Carvel and the other brands could provide valuable insights.