What was the total value of Carvel's computer software and hardware as of December 31, 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
ase term (years) | 10.0 | 9.7 | | | 2025 | $ 3,348 | |--------------------------------|--------------| | 2026 | 2,875 | | 2027 | 2,730 | | 2028 | 2,563 | | 2029 | 2,335 | | Thereafter | 18,589 | | Deferred revenue for open SBRs | $ 32,440 |
Deferred revenue of $29,819 relates to the unsatisfied future performance obligations associated with unopened SBRs and is not included within the table above. The Company anticipates recognizing revenue over the terms of the respective franchise agreements, which are typically 10-20 years, once the related SBRs are opened.
3 Property, Equipment, Leasehold Improvements and Land
Property, equipment, leasehold improvements and land, net consists of the following:
| | December 29, | | December 31, | |-------------------------------------
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the total value of its computer software and hardware was $56,588 as of December 31, 2023. This figure represents the company's investment in technology assets, which are essential for business operations.
For a prospective franchisee, this number provides insight into the scale of Carvel's technological infrastructure. It suggests the level of investment Carvel has made in systems that support its franchise network. These systems could include point-of-sale systems, inventory management software, and other digital tools necessary for running a Carvel franchise.
It's important to note that this value reflects the historical cost of the assets and does not necessarily represent their current market value or technological capabilities. A potential franchisee should inquire about the age and functionality of these systems to understand if further technology investments may be required in the near future to maintain competitiveness and efficiency.