How many Carvel outlets were reacquired from franchisees in 2022?
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 outlets reacquired from franchisees in 2022 varies by state. For example, in California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, and Vermont, Carvel did not reacquire any stores from franchisees. The data reveals that in these specific states, the 'Reacquired by Franchisor' column shows a consistent '0' for the year 2022, indicating no re acquisitions occurred.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between Carvel and its franchisees. The absence of re acquisitions could suggest a healthy franchise system where franchisees are generally successful and satisfied with their businesses. However, it is essential to consider this data in conjunction with other factors, such as terminations and non-renewals, to gain a comprehensive understanding of franchisee turnover.
Prospective franchisees should investigate further to understand the reasons behind these figures. While no re acquisitions might seem positive, it's important to determine if this is due to strong franchisee performance or other factors, such as Carvel's policies on handling underperforming stores. Understanding the context behind these numbers will help franchisees assess the risks and opportunities associated with investing in a Carvel franchise.
It is also worth noting that the data is presented on a state-by-state basis, which allows for a more granular analysis. This level of detail can be valuable for franchisees who are considering specific geographic locations, as it provides insights into the performance and stability of Carvel franchises in those areas.