How many franchised Carvel outlets were operating at the end of 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
-------------------|------|---------------------| | | 2022 | 1 | | Connecticut | 2023 | 0 | | | 2024 | 2 | | | 2022 | 0 | | Delaware | 2023 | 0 | | | 2024 | 0 | | | 2022 | 1 | | District of Columbia | 2023 | 0 | | | 2024 | 0 | | | 2022 | 1 | | Florida | 2023 | 2 | | | 2024 | 0 | | | 2022 | 0 | | Massachusetts | 2023 | 0 | | | 2024 | 1 | | | 2022 | 1 | | New Jersey | 2023 | 4 | | | 2024 | 1 | | | 2022 | 11 | | New York | 2023 | 10 | | | 2024 | 14 | | | 2022 | 15 | | Totals | 2023 | 16 | | | 2024 | 18 |
Table No. 3 Status of Franchised Outlets For Years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Termin ations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Alabama | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Arizona | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| State | Year | Outlets at Start of Year | Outlets Opened | Termin ations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| California | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2024 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2022 | 21 | 0 | 1 | 0 | 0 | 0 | 20 | |
| Connecticut | 2023 | 20 | 1 | 0 | 0 | 0 | 0 | 21 |
| 2024 | 21 | 0 | 0 | 0 | 0 | 0 | 21 | |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Delaware | 2023 | 3 | 0 | 1 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| District of | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Columbia | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 30 | 2 | 0 | 0 | 0 | 0 | 32 | |
| Florida | 2023 | 32 | 0 | 1 | 0 | 0 | 0 | 31 |
| 2024 | 31 | 2 | 1 | 0 | 0 | 0 | 32 | |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Georgia | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Illinois | 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Indiana | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
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| 2022 | 1 | 0 | 0 | 0 | 1 | |||
| Kentucky | 2023 | 1 | 0 | 0 | 0 | 1 | ||
| 2024 | 1 | 0 | 0 | 0 | 1 | |||
| 2022 | 0 | 0 | 0 | 0 | 0 | |||
| Maryland | 2023 | 0 | 0 | 0 | 0 | 0 | ||
| 2024 | 0 | 1 | 0 | 0 | 1 | |||
| 2022 | 4 | 0 | 0 | 0 | 4 | |||
| Massachusetts | 2023 | 4 | 0 | 0 | 0 | 4 | ||
| 2024 | 4 | 0 | 0 | 0 | 4 | |||
| 2022 | 1 | 0 | 0 | 0 | 1 | |||
| Michigan | 2023 | 1 | 2 | 0 | 0 | 3 | ||
| 2024 | 3 | 2 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 93–99)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the number of franchised outlets operating at the end of 2023 can be determined by examining the 'Outlets at End of Year' column for the year 2023 in the provided table. The table provides a state-by-state breakdown of outlet activity. To calculate the total number of operating franchised Carvel outlets at the end of 2023, we need to sum the 'Outlets at End of Year' figures for each state for that year.
Based on the provided data, the total number of Carvel outlets at the end of 2023 is calculated as follows: California (4) + Connecticut (21) + Delaware (2) + District of Columbia (1) + Florida (31) + Georgia (2) + Illinois (2) + Indiana (0) + Kentucky (1) + Maryland (0) + Massachusetts (4) + Michigan (3) + Minnesota (0) + Vermont (0) + Virginia (3). This sums to 74 franchised Carvel outlets operating at the end of 2023.
It's important to note that this data reflects the number of franchised Carvel outlets and does not include any company-owned stores that may be operating. Additionally, the table provides a historical view, allowing prospective franchisees to assess trends in outlet openings, terminations, and overall growth or decline in specific states. This information can be valuable in evaluating the potential market and stability of the Carvel franchise in different regions.