Kilwins vs Carvel
Franchise Comparison 2026
Both Kilwins and Carvel are quick-service restaurants franchises. Kilwins requires an investment of $295K – $880K while Carvel requires $392K – $786K. 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 Kilwins A (Top Quintile) and Carvel A (Top Quintile).
| Metric | Kilwins | Carvel |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | ATop QuintileTop Quintile |
| Investment Range | $295K – $880K | $392K – $786K |
| Franchise Fee | $40K | $31K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | $933K | $484K |
| SBA Charge-Off Rate | 3.6% (120 loans) | Limited data |
| Total Units | 172 | 336 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1981 | 1947 |
| FDD Year | 2025 | 2025 |
Investment Range
$295K – $880K
$392K – $786K
Franchise Fee
$40K
$31K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
$933K
$484K
SBA Charge-Off Rate
3.6% (120 loans)
Limited data
Total Units
172
336
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1981
1947
FDD Year
2025
2025