What was the net change in the number of company-owned Carvel outlets during 2024?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets At The Start Of The Year | Outlets At The End Of The Year | Net Change |
|---|---|---|---|---|
| 2022 | 327 | 328 | +1 | |
| Franchised | 2023 | 328 | 326 | -2 |
| 2024 | 326 | 336 | +10 | |
| 2022 | 0 | 0 | 0 | |
| Company | 2023 | 0 | 0 | 0 |
| Owned | ||||
| 2024 | 0 | 0 | 0 | |
| 2022 | 327 | 328 | +1 | |
| Total | 2023 | 328 | 326 | -2 |
| 2024 | 326 | 336 | +10 |
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 net change in the number of company-owned Carvel outlets during 2024 was 0. The table provided in Item 20 of the FDD outlines the number of company-owned outlets at the start and end of 2024, both of which are 0.
This indicates that Carvel did not open or close any company-owned stores during that year. This information is crucial for potential franchisees as it provides insight into Carvel's corporate strategy regarding company-owned versus franchised locations. A stable number of company-owned stores could suggest a preference for franchising or a strategic decision not to expand corporate operations.
Prospective franchisees should consider this information in the context of Carvel's overall growth strategy. It may be beneficial to inquire with Carvel about their future plans for company-owned stores and how these plans might impact franchisees. Understanding the balance between franchised and company-owned locations can help a franchisee assess the level of competition and support they might expect from the franchisor.