Carvel

Latest FDD: 2026-03-31

Carvel Year-Over-Year FDD Delta Analysis

Review Material Changes Before Reading The Full FDD
This report highlights material year-over-year changes across fees, obligations, restrictions, transfer terms, and legal language so buyers, operators, attorneys, and advisors can assess what changed before working through the full disclosure.
Latest FDD on file: 2026-03-31
Change Window
2025-2026
2025 (2025-04-08) vs 2026 (2026-03-31)
Tracked Delta Facts
319
319 logged delta facts grounded in source comparisons
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For Attorneys And Diligence Teams
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FAQs

This report focuses on year-over-year changes across Items 1 through 18. Item 19 financial performance representations should be reviewed directly in the FDD. Item 20 outlet count changes are better reviewed on the brand profile page. Items 21 through 23 should be reviewed directly in the FDD.

Start with the executive summary to understand the biggest edits quickly. Then use source review to inspect the actual language behind a change. Use all changes when you want fuller coverage across the report, not just the top summarized edits.

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Executive Summary

Comparing 2025 (2025-04-08) vs 2026 (2026-03-31)
Always verify in the source FDDs.
  • Item 5
    Initial Franchise Fee amounts changed: Full Shoppe increased from $30,500 to $35,500, Co-Branded Shoppe increased from $61,000 to $71,000, and the portion paid to Cinnabon increased from $30,500 to $35,500; other listed shoppe fees remained the same.
  • Item 5
    Item 5 text was updated to change the stated period and fee range: the Initial Franchise Fees paid changed from during the 2024 calendar year ranging from $0 to $30,500 to during the 2025 calendar year ranging from $0 to $12,500.
Item 52 delta facts available.
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Key Insights
  • This page compares the 2025 and 2026 FDD editions for this brand.
  • Use the executive summary first to understand the biggest changes quickly.
  • Use source review when a specific clause, fee, term, or obligation needs closer inspection.
  • Use all changes when you want broader coverage beyond the top summarized edits.

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Selected Change
Compare prior clause text against revised clause text.
Item 5
2025 (2025-04-08) p.28 | 2026 (2026-03-31) p.29
Initial franchise fees were updated, including an increase for Full Shoppes and revised disclosure of prior year fee ranges.
2025 (2025-04-08)
Prior Clause
When you sign a Franchise Agreement, you must pay us an initial franchise fee (the "Initial Franchise Fee") of $30,500 for a Full Shoppe, $10,500 for an Express Shoppe or Hosted Express Shoppe, $5,500 for an Ice Cream Truck, and $61,000 for a Co-Branded Shoppe (of which $30,500 will be paid to Cinnabon). We will not refund any part of the Initial Franchise Fee.We participate in the International F
Red strikethrough marks removed language.
2026 (2026-03-31)
Revised Clause
When you sign a Franchise Agreement, you must pay us an initial franchise fee (the "Initial Franchise Fee") of $35,500 for a Full Shoppe, $10,500 for an Express Shoppe or Hosted Express Shoppe, $5,500 for an Ice Cream Truck, and $71,000 for a Co-Branded Shoppe (of which $35,500 will be paid to Cinnabon). We will not refund any part of the Initial Franchise Fee.We participate in the International F
Green highlight marks added language.
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Tip: Use alignment only when you need extra token-level context.