How long does Carvel have to evaluate a proposed Control Transfer after receiving all requested information?

According to Carvel's 2025 Franchise Disclosure Document, Carvel requires at least 60 days to evaluate a proposed Control Transfer after they have received all the necessary information. This 60-day period begins only after Carvel has received all the information they have requested from the franchisee regarding the proposed transfer.

In practical terms, a Carvel franchisee looking to transfer control of their franchise should be aware of this mandatory waiting period. This means that the transfer process will take a minimum of 60 days from the moment Carvel has all the required documents and information. It is important for franchisees to gather and submit all requested information promptly to avoid any delays in the evaluation process.

It's also important to note that this 60-day evaluation period is in addition to the requirement that the franchisee notify Carvel in writing at least 90 days prior to any proposed Control Transfer and provide all requested information at least 60 days prior to any proposed Control Transfer. This means that the entire process, from initial notification to potential completion, will likely take several months. Franchisees should factor this timeline into their plans when considering a transfer of ownership.