Carvel vs Wingstop
Franchise Comparison 2026
Both Carvel and Wingstop are quick-service restaurants franchises. Carvel requires an investment of $392K – $786K while Wingstop requires $259K – $912K. In terms of revenue, Wingstop reports higher average unit revenue at $1.8M. Wingstop has SBA lending data on file with a 0.8% charge-off rate. FranchiseVerdict rates Carvel A (Top Quintile) and Wingstop A (Top Quintile).
| Metric | Carvel | Wingstop |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $392K – $786K | $259K – $912K |
| Franchise Fee | $31K | $20K |
| Royalty Rate | 6.0% | 6.0% |
| Average Revenue (Item 19) | $484K | $1.8M |
| SBA Charge-Off Rate | Limited data | 0.8% (158 loans) |
| Total Units | 336 | 1,926 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1947 | 2018 |
| FDD Year | 2025 | 2024 |
Investment Range
$392K – $786K
$259K – $912K
Franchise Fee
$31K
$20K
Royalty Rate
6.0%
6.0%
Average Revenue (Item 19)
$484K
$1.8M
SBA Charge-Off Rate
Limited data
0.8% (158 loans)
Total Units
336
1,926
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1947
2018
FDD Year
2025
2024