Franchise opportunities compared
Carvel Corporation vs Randy’s Donuts
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.
Initial investment · Item 7
Carvel Corporation
$38,850 – $1,051,200
2026 FDD · Item 7Randy’s Donuts
$252,500 – $661,500
2026 FDD · Item 7Initial franchise fee · Item 5
Carvel Corporation
$3,000
2026 FDD · Item 5 · PDF p. 30Randy’s Donuts
Not available
Royalty · Item 6
Carvel Corporation
6%
2026 FDD · Item 6 · PDF p. 31Randy’s Donuts
5%
2026 FDD · Item 6 · PDF p. 15Before you compare
- Both sets of figures come from 2026 FDDs.
- Carvel Corporation and Randy’s Donuts 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 (Carvel Corporation: 5, Randy’s Donuts: 3). Different groups are not directly comparable.
Financial commitment
Carvel Corporation
Randy’s DonutsCarvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
System scale & health
Carvel CorporationRandy’s DonutsCarvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Carvel Corporation
Randy’s Donuts
Financial performance (Item 19), by location group
Carvel CorporationRandy’s DonutsItem 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.
Carvel Corporation vs Randy’s Donuts: common questions
- Which costs less to open, Carvel Corporation or Randy’s Donuts?
- Carvel Corporation: $38,850 – $1,051,200 (2026 FDD · Item 7); Randy’s Donuts: $252,500 – $661,500 (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 Carvel Corporation and Randy’s Donuts royalties compare?
- Carvel Corporation: 6% (2026 FDD · Item 6 · PDF p. 31); Randy’s Donuts: 5% (2026 FDD · Item 6 · PDF p. 15). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Which has more locations, Carvel Corporation or Randy’s Donuts?
- Carvel Corporation: 720 (2026 FDD · Item 20 · PDF p. 93); Randy’s Donuts: 27 (2026 FDD · Item 20 · PDF p. 81). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Carvel Corporation and Randy’s Donuts disclose financial performance (Item 19)?
- Carvel Corporation has reviewed Item 19 figures for 5 location groups; Randy’s Donuts has reviewed Item 19 figures for 3 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.
Keep researching
Full Carvel Corporation report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full Randy’s Donuts report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
