How many company-owned Carvel outlets were there at the start of 2022?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
our employees or representatives to make any additional representations either orally or in writing. If you receive any additional financial performance information or projections of your future income, you should report it to the franchisor's management by contacting the Legal Department, Carvel Franchisor SPV LLC, 5620 Glenridge Drive NE, Atlanta, GA 30342, 404-255-3250, the Federal Trade Commission, and the appropriate state regulatory agencies.
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 Systemwide Outlet Summary For Years 2022 to 2024
| Outlet Type | Year | Outlets At The Start Of The Year | Outlets At The End Of The Year | Net Change |
|---|---|---|---|---|
| 2022 | 327 | 328 | +1 | |
| Franchised | 2023 | 328 | 326 | -2 |
| 2024 | 326 | 336 | +10 | |
| 2022 | 0 | 0 | 0 | |
| Company | 2023 | 0 | 0 | 0 |
| Owned | ||||
| 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 93–99)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, at the start of 2022, Carvel had zero company-owned outlets. The table provided in Item 20 of the FDD outlines the number of franchised and company-owned outlets for the years 2022, 2023 and 2024.
For a prospective franchisee, this means that Carvel primarily operates through a franchise model rather than managing its own stores. This could indicate that Carvel's focus is on supporting its franchisees and expanding its brand through partnerships.
It is important to note that the numbers in the table show the number of Shoppes open and operated by franchisees as of December 31, 2024, December 31, 2023, and December 31, 2022. This table does not show franchisees that have signed Franchise Agreements for Shoppes which have not opened yet or that have had their Franchise Agreement terminated prior to opening their Shoppe.