Carvel Corporation

1163 Words3 Pages

The Carvel Corporation is an American success story. Through hard work and luck its founder and President Tom Carvel turned a dream into a million dollar success. Thomas Andreas Carvelas was born July 14, 1906, in Athanassos Greece in 1910 his family immigrated to Danbury, Connecticut and finally settled in New York City in 1920. Ever since he was a child he has always dreamed of owning his own frozen custard shop. His first break came Memorial Day 1934 when he borrowed $15 dollars from his future wife Agnes Stewart, and bought a trailer load of custard to sell to vacationers in Westchester County, New York. He suffered a setback when his trailer got a flat tire in Hartsdale NY but luck was on his side. Pop Quinlan a pottery shop owner across the street allowed him to use his electricity to keep the custard from melting, Mr. Carvel continued selling from his broken down trailer for many years, this is how he became the nation's first retail ice cream company. Tom Carvel kept his trailer on the pottery lot. The first year he grossed $3,500.00. In 1937 he turned the trailer into a frozen custard stand and by 1939 his yearly gross income was $6,000 a year and he became known as the "Ice Cream King of the East".

Tom Carvel developed his own freezer model, known as the batch freezer (this was only one of his 500 other patents, trademarks and copyright registration). In 1947, under the trade name "Custard King" he sold about 71 freezers for $2,900 each. Not long after selling the freezers many of the buyers started defaulting on their payments for their freezers. Tom Carvel discovered that poor locations, and cleanliness of their shops was the cause for the defaulted payments. He was determined to make his venture successful, and decided to oversee the operations of the freezers directly. Potential Franchise owners in the Carvel Corporation bought equipment and supplies from Mr. Carvel and used the Carvel name. In return the corporation helped them select a location and taught them how to run an ice cream business, this was all taught at the Carvel College an eighteen-day course for potential franchise owners. As a result of this strategy he claimed to have developed the franchise concept in 1949.

Carvel Corp. is known for many of their unique elements in the business. Tom Carvel introduced the marketing concept of "Buy One Get One Free" in 1936 and gift certificates in 1954.

More about Carvel Corporation

Open Document