What was the total number of Carvel outlet transfers in 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers |
|---|---|---|
| 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 |
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 total number of outlet transfers from franchisees to new owners in 2023 was 16. This figure represents the total across all states where Carvel franchises operate.
This information is relevant for prospective franchisees as it provides insight into the resale activity within the Carvel franchise system. A higher number of transfers could indicate a more liquid market for existing franchises, potentially making it easier to sell a franchise in the future. Conversely, a very high number could also signal potential issues with franchise profitability or franchisee satisfaction.
It's important to note that this number only reflects transfers to new owners other than Carvel itself. It does not include instances where Carvel reacquired a franchise. Reviewing transfer trends over multiple years, as presented in the table, can offer a more comprehensive understanding of the stability and desirability of Carvel franchises.