Carvel vs CherryBerry Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Carvel vs CherryBerry including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$250,600 - $415,500 | $360,000 - $466,000 |
Franchise Fee |
$30,000 | $25,000 |
Royalty Fee |
$2.44/gal. | - |
Advertising Fee |
$2.13/gallon | - |
Year Founded |
1934 | 2008 |
Year Franchised |
1947 | 2008 |
Term Of Agreement |
20 years | - |
Term Of Agreement |
20 years | - |
Renewal Fee |
Then current fee | - |
Business Experience Requirements |
Experience |
General business experience | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - |
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
Company Overviews
About Carvel
In 1934 Tom Carvel opened his first ice cream shop in Hartsdale, New York. Over the years, he developed formulas and equipment for creating and serving his ice cream. The company started franchising in 1947, and by 1951 had opened 100 stores. Today the company distributes its line of ice cream, cakes, pies and other treats in its own locations and in stadiums, club stores and supermarkets.
The total investment necessary to begin operation of a Shoppe selling a
full range of Carvel® products (a “Full Shoppe”) ranges from $250,600 to
$415,500. This includes $30,000 to $32,000 that must be paid to the
franchisor or their affiliates.
The total investment necessary to begin
operation of a Shoppe selling selected Carvel® products (an “Express
Shoppe”) ranges from $39,600 to $148,400.
The total investment necessary
to begin operation of an Express Shoppe within the space of another
restaurant, food service facility, or business approved by the
franchisor (a “Hosted Express Shoppe”) ranges from $33,100 to $66,500.
These total investment estimates for Express Shoppes and Hosted Express
Shoppes include $10,000 to $12,000 that must be paid to the franchisor
or their affiliates.
The total investment necessary to begin operation
of a Shoppe in an ice cream truck (an “Ice Cream Truck”) is $95,050 to
$195,000. This includes $5,000 to $7,000 that must be paid to the
franchisor or their affiliates.
#361 in Franchise 500 for 2020.
#273 in Franchise 500 for 2021.
About CherryBerry
Establishing a small business on your own can be tough. This is why
many choose to go with an established brand. At CherryBerry, we have an
incredible culture that focuses on our franchisees’ success. Riding on
several decades of franchising experience with our parent company, Rocky Mountain Chocolate Factory,
we have developed a system that will help you jump-start your business
and provide you with a competitive advantage in your market. As a
franchisee, you will have access to all of our support systems and
expertise as well as our trade secrets and unique strategies.
Our constant efforts and economies of scale help keep product costs
low and consistent product available. Additionally, you will benefit
from CherryBerry's brand recognition and the integrity of
the CherryBerry name.
Frozen yogurt sells well in warmer months while chocolate sells well
in cooler months. Through a special arrangement with our parent company,
Rocky Mountain Chocolate Factory, you can add a complementary offering of fine chocolates and caramel apples to expand your market.
CherryBerry’s premium and top-quality distinctive flavors are
developed by some of the most knowledgeable yogurt innovators in the
industry. Our product is certified to contain live and active cultures
to promote good health, plus its creamy texture, original flavors and
extensive toppings have been praised by the masses as the best tasting
and highest quality frozen yogurt available. The CherryBerry name
assures your customers that they can expect the same great quality
frozen yogurt time after time.
We provide you with an excellent business model which includes all
the necessary training and assistance you’ll need to create a thriving
business. Our staff includes experts in real estate, construction,
training, operations and marketing.