In what year were the most Carvel outlets transferred from franchisees to new owners?

According to Carvel's 2025 Franchise Disclosure Document, Table No. 2 provides data on the transfers of Carvel outlets from franchisees to new owners for the years 2022 to 2024. However, the table does not contain the specific number of outlets transferred. Instead, it includes data on the number of outlets at the start and end of each year, outlets opened, terminations, non-renewals, outlets reacquired by Carvel, and outlets that ceased operations for other reasons.

Without direct figures on transfers, it's impossible to determine the year with the highest number of Carvel franchise transfers based solely on this table. The table focuses on changes in outlet counts due to various factors other than transfers to new owners.

A prospective Carvel franchisee should ask the franchisor for specific data on franchise transfers to assess the stability and resale market of Carvel franchises. This information would provide a clearer picture of how frequently franchises change hands and under what circumstances.