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315. Carvel Ice Cream

Last Year's Rank: 315

Investment Range: $250K to $500K

Category: Restaurant

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Company Description

Carvel is named for its founder, Tom Carvel, who first built and ran an ice cream truck in 1929. His first permanent location was in Hartsdale, New York, after his truck got a flat tire in a parking lot in the city. The Carvel brand became a franchised business in 1947 and there are now hundreds of Carvel units across the U.S. Carvel is particularly well-known for its soft serve ice cream and ice cream cakes. Its corporate headquarters are in Atlanta. Carvel is a subsidiary of Focus Brands, owned by Roark Capital.

Company Statistics

Global Sales: $110,516,326

US Units: 323

International Units: 62

Total Units: 385

Percent Franchised: 100%

% International Units: 16%

US Franchised Units: 323

International Franchised Units: 62

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