Carvel vs Kilwins
Franchise Comparison 2026
Both Carvel and Kilwins are quick-service restaurants franchises. Carvel requires an investment of $392K – $786K while Kilwins requires $295K – $880K. In terms of revenue, Kilwins reports higher average unit revenue at $933K. Kilwins has SBA lending data on file with a 3.6% charge-off rate. FranchiseVerdict rates Carvel A (Top Quintile) and Kilwins A (Top Quintile).
| Metric | Carvel | Kilwins |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $392K – $786K | $295K – $880K |
| Franchise Fee | $31K | $40K |
| Royalty Rate | 6.0% | 5.0% |
| Average Revenue (Item 19) | $484K | $933K |
| SBA Charge-Off Rate | Limited data | 3.6% (120 loans) |
| Total Units | 336 | 172 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1947 | 1981 |
| FDD Year | 2025 | 2025 |
Investment Range
$392K – $786K
$295K – $880K
Franchise Fee
$31K
$40K
Royalty Rate
6.0%
5.0%
Average Revenue (Item 19)
$484K
$933K
SBA Charge-Off Rate
Limited data
3.6% (120 loans)
Total Units
336
172
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1947
1981
FDD Year
2025
2025