How many Carvel outlets were transferred in New Jersey during 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers |
|---|---|---|
| 2022 | 1 | |
| New Jersey | 2023 | 4 |
| 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 93–99)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, there were 4 transfers of Carvel outlets in New Jersey during 2023. This information is based on the table that tracks transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
For a prospective franchisee, this indicates the level of turnover or resale activity within the Carvel franchise system in New Jersey. A higher number of transfers could suggest a more active market for existing Carvel stores, potentially offering opportunities to acquire an established business rather than starting from scratch. However, it could also signal potential challenges or dissatisfaction among current franchisees, prompting them to sell.
It's important to consider this number in the context of the total number of Carvel locations in New Jersey and the reasons behind these transfers. Further investigation into the performance and history of the transferred stores would be advisable for anyone considering purchasing a Carvel franchise in New Jersey. Understanding why franchisees are choosing to sell can provide valuable insights into the health and stability of the franchise system in that specific market.