What was the weighted-average remaining lease term in years for Carvel as of December 31, 2023?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Weighted-average remaining lease term (years) | 10.0 | 9.7 |
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the weighted-average remaining lease term was 9.7 years as of December 31, 2023. This figure represents the average length of time left on Carvel's existing leases, weighted by factors such as the size or value of each lease.
For a prospective Carvel franchisee, this information provides insight into the brand's real estate strategy and lease management. A longer weighted-average lease term can indicate stability in location and potentially lower risk of needing to relocate in the near future. This could be a positive factor for franchisees seeking a long-term business location.
However, it is important to note that this is an average across all of Carvel's leases. Individual franchise locations may have lease terms that are shorter or longer than this average. Franchisees should carefully review the specific lease terms for their potential location and consider how those terms align with their business goals and financial projections. Understanding the remaining lease term is crucial for assessing the long-term viability and potential risks associated with a particular Carvel franchise location.