Cousins Maine Lobster

Cousins Maine Lobster

Lobster food trucks and restaurants
Find out what franchise is right for you
2022 Franchise 500 Rank
#490 Ranked #406 last year
See the Full List
Initial investment
$191K - $864K
Units as of 2021
37 60.9% over 3 years

Company Overview

About Cousins Maine Lobster

Industry
Food
Founded
2011
Leadership
Sabin Lomac, Co-owner

Franchising Overview

Franchising Since
2014 (8 years)
# of employees at HQ
8
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
37 (as of 2021)

Franchisor Information

Corporate Address
1947 N. Cahuenga Blvd., #108
Hollywood, CA 90068

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Cousins Maine Lobster franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$38,500
Initial Investment
$190,800 - $863,750
Net Worth Requirement
$100,000 - $200,000
Cash Requirement
$50,000 - $75,000
Royalty Fee
6-8%
Ad Royalty Fee
2%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Cousins Maine Lobster has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
84 hours
Classroom Training
74 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Cousins Maine Lobster landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021