How many Carvel franchise agreements have been signed in Michigan, but the shoppes are not yet open?

According to Carvel's 2025 Franchise Disclosure Document, as of the end of the reported period, there were 13 franchise agreements signed in Michigan for Carvel shoppes that had not yet opened. This indicates that while there is interest in expanding the Carvel brand in Michigan, these locations are still in the development phase.

For a prospective franchisee, this information is useful for understanding the current level of Carvel's development activity in Michigan. It suggests that the market may be receptive to new Carvel locations, but it also means that these locations are not yet contributing to the overall brand presence or revenue in the state.

Additionally, the table shows that Carvel projects 4 new franchised shoppes to open in Michigan in the next fiscal year. This provides insight into the company's growth expectations and could be a positive indicator for potential franchisees looking to join the Carvel system in Michigan. It's important to note that these are projections and actual results may vary.

It would be prudent for a potential franchisee to investigate the reasons why these 13 locations have not yet opened. This could involve factors such as site selection challenges, permitting delays, construction issues, or financing hurdles. Understanding these potential obstacles can help a franchisee better prepare for the challenges of opening a new Carvel location in Michigan.