Carvel vs Let's Yo! Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Carvel vs Let's Yo! including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Carvel Franchise
Let's Yo! Franchise
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 19342008
Year Franchised 19472008
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee Then current fee-


Business Experience Requirements
 
Carvel Franchise
Let's Yo! Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Carvel Franchise
    Let's Yo! 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
    Let's Yo! Franchise
    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
     
    Carvel Franchise
    Let's Yo! Franchise
    US Expansion YesYes
    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 Let's Yo!

    "Home"

    Want to own your own business, but don’t want to start from square one? Looking to take advantage of the booming market within the franchise industry? Know the basics of operating a business but want access to expert training and corporate support?
    Let’s Yo! Yogurt is looking for franchisees who have an entrepreneurial spirit to aid in the growth of our rapidly expanding company. Today, $1 out of every $3 spent by Americans is for a good or service from a franchise. Take advantage of our name recognition, excellent products, and ideal business model to make your jump into the lucrative world of business franchising. Become your own boss and the owner of a successful, modern business by teaming up with Let’s Yo! Yogurt.