How many Carvel outlets ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor between 2022 and 2024?
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 | 4 | |||
| 2022 | 0 | 0 | 0 | 0 | 0 | |||
| Minnesota | 2023 | 0 | 0 | 0 | 0 | 0 | ||
| 2024 | 0 | 1 | 0 | 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, a review of outlet data from 2022 to 2024 reveals that no Carvel locations ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor in the states listed. The data provides a state-by-state breakdown of outlet activity, including openings, terminations, non-renewals, re acquisitions and instances of closures for other reasons.
For a prospective Carvel franchisee, this information suggests a degree of stability within the franchise system. The absence of closures due to 'other reasons' may indicate that Carvel franchisees are generally able to sustain their businesses, although terminations and non-renewals do occur. It is important to note that this data only reflects the experience of Carvel franchisees in specific states and may not be representative of the entire franchise system.
A prospective franchisee should investigate further to understand the reasons behind terminations and non-renewals, as well as the overall financial health and performance of Carvel franchises. Further due diligence, including speaking with current and former franchisees, is essential to assess the risks and opportunities associated with investing in a Carvel franchise.