The Carvel chain has melted over the years from its high of 850 franchises to a puddle of 367 franchises. The Street reports that only 275 are full-service shops. Carvel, bought by private equity firm Roark Capital Group in 2001, wants change. The 80-year-old brand has a plan to put lipstick on this franchise pig.
A bill that passed last year to revive the secondary market for Small Business Administration 504 loans will kick off soon in an attempt to unlock credit for franchises and small businesses trying to expand.