Carvel vs Bananas Smoothies & Frozen Yogurt Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Carvel vs Bananas Smoothies & Frozen Yogurt including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Carvel Franchise
Bananas Smoothies & Frozen Yogurt Franchise
Investment $250,600 - $415,500$224,500 - $457,000
Franchise Fee $30,000$22,000 - $37,200
Royalty Fee $2.44/gal.5%
Advertising Fee $2.13/gallon1%
Year Founded 19341975
Year Franchised 19472003
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee Then current fee-


Business Experience Requirements
 
Carvel Franchise
Bananas Smoothies & Frozen Yogurt Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Carvel Franchise
    Bananas Smoothies & Frozen Yogurt Franchise
      In-House/3rd PartyIn-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
     
    Carvel Franchise
    Bananas Smoothies & Frozen Yogurt Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations
    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)

    		 Absentee Ownership Allowed Number of Employees Required to Run: 19

    Expansion Plans
     
    Carvel Franchise
    Bananas Smoothies & Frozen Yogurt Franchise
    US Expansion 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.

    "Entrepreneur
    #361 in Franchise 500 for 2020.
    #273 in Franchise 500 for 2021.



    About Bananas Smoothies & Frozen Yogurt

    Bananas Smoothies & Frozen Yogurt is a quick serve restaurant style frozen treat franchise concept with a menu featuring the chain's proprietary Everything Yogurt brand frozen yogurt, Bananas Smoothies & Frozen Yogurt brand smoothies and frosties, and Gretel Pretzel brand hand-rolled pretzels. Other offerings include premium flavored coffees, espresso, cappuccino, muffins, ice cream, nuts, candies, bagels, cookies, cakes and flavored popcorn, as well as specialty items such as Bananas apparel and gifts.