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    Franchise opportunities compared

    Apply vs Carvel Corporation

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    AApply2025 FDDCarvel Corporation2026 FDD

    Initial investment · Item 7

    Apply

    $306,500 – $685,000

    2025 FDD · Item 7

    Carvel Corporation

    $38,850 – $1,051,200

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Apply

    Not available

    Carvel Corporation

    $3,000

    2026 FDD · Item 5 · PDF p. 30

    Royalty · Item 6

    Apply

    5%

    2025 FDD · Item 6 · PDF p. 21

    Carvel Corporation

    6%

    2026 FDD · Item 6 · PDF p. 31

    Before you compare

    • Apply figures come from its 2025 FDD and Carvel Corporation figures from its 2026 FDD, so the years differ.
    • Apply and Carvel Corporation disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Apply: 10, Carvel Corporation: 5). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Apply

    $306,500 – $685,000
    2025 FDD · Item 7

    Carvel Corporation

    $38,850 – $1,051,200
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Apply

    Not available
    No single standard fee identified

    Carvel Corporation

    $3,000
    2026 FDD · Item 5 · PDF p. 30
    Royalty (Item 6)

    Apply

    5%
    Royalty fee
    2025 FDD · Item 6 · PDF p. 21

    Carvel Corporation

    6%
    OTHER FEES Type of Fee 1, 4 Amount Date Due Remarks Royalty Fee — 6%
    2026 FDD · Item 6 · PDF p. 31
    Brand / advertising fund (Item 6)

    Apply

    3%
    Marketing fund contribution — 3%
    2025 FDD · Item 6 · PDF p. 21

    Carvel Corporation

    2%
    Marketing Obligation Currently, each calendar quarter, you must spend not less than — 2% — 2%
    2026 FDD · Item 6 · PDF p. 32

    System scale & health

    Total outlets (Item 20)

    Apply

    49
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 81

    Carvel Corporation

    720
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 93
    Net outlet change (Item 20)

    Apply

    −1
    Calculated: 50 at end of 2022 → 49 at end of 2024

    Carvel Corporation

    +68
    Calculated: 652 at end of 2023 → 720 at end of 2025
    Outlet exits (Item 20)

    Apply

    Not available
    No complete exit records for a year

    Carvel Corporation

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Apply

    Not available
    Not in reviewed records

    Carvel Corporation

    1950
    From a verified franchisor listing
    Franchisor founded (Item 1)

    Apply

    Not available
    Not in reviewed records

    Carvel Corporation

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    AApply
    Locations counted not stated in the reviewed record — 1st Quartile of franchised BAGELS Stores located in the United States, operated…
    $852,497
    other Gross Revenues
    2025 FDD · Item 19 · PDF p. 77
    Locations counted not stated in the reviewed record — 1st Quartile of franchised BAGELS Stores located in the United States, operated…
    $755,704
    other Gross Revenues range
    2025 FDD · Item 19 · PDF p. 77
    Locations counted not stated in the reviewed record — 2nd Quartile of franchised BAGELS Stores located in the United States, operated…
    $583,965
    other Gross Revenues range
    2025 FDD · Item 19 · PDF p. 77
    +7 more groups in the full report
    Carvel Corporation
    Locations counted not stated in the reviewed record — 104eligible singlebranded full Streetside Shoppes — 2nd Quartile
    26 shoppes
    other 2nd Quartile Sample size
    2026 FDD · Item 19 · PDF p. 92
    Locations counted not stated in the reviewed record — 104eligible singlebranded full Streetside Shoppes — Top Quartile
    $779,624
    other Top Quartile Mean net sales
    2026 FDD · Item 19 · PDF p. 92
    Locations counted not stated in the reviewed record — 104eligible singlebranded full Streetside Shoppes — 3rd Quartile
    26 shoppes
    other 3rd Quartile Sample size
    2026 FDD · Item 19 · PDF p. 92
    +2 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Apply vs Carvel Corporation: common questions

    Which costs less to open, Apply or Carvel Corporation?
    Apply: $306,500 – $685,000 (2025 FDD · Item 7); Carvel Corporation: $38,850 – $1,051,200 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Carvel Corporation. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Apply and Carvel Corporation royalties compare?
    Apply: 5% (2025 FDD · Item 6 · PDF p. 21); Carvel Corporation: 6% (2026 FDD · Item 6 · PDF p. 31). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Apply or Carvel Corporation?
    Apply: 49 (2025 FDD · Item 20 · PDF p. 81); Carvel Corporation: 720 (2026 FDD · Item 20 · PDF p. 93). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Apply and Carvel Corporation disclose financial performance (Item 19)?
    Apply has reviewed Item 19 figures for 10 location groups; Carvel Corporation has reviewed Item 19 figures for 5 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    A

    Full Apply report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Carvel Corporation report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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