Cousins Maine Lobster
#421 Franchise 500| Lobster food trucks and restaurants

Cousins Maine Lobster
Lobster food trucks and restaurants

About
Founded

2011

Franchising Since

2014 (6 Years)

Corporate Address

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

Leadership

Sabin Lomac and Jim Tselikis, Founder and CEO

Financial Requirements
Initial Investment

$175,900 - $828,700

Net-worth Requirement

$100,000 - $200,000

Liquid Cash Requirement

$50,000 - $75,000

Ongoing Fees
Initial Franchise Fee

$38,500 - $38,500

Ongoing Royalty Fee

6-8%

Ad Royalty Fee

2%

Financing Options

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

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Loyalty program/app

On-The-Job Training:

74 hours

Classroom Training:

70 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

2

Cousins Maine Lobster is ranked #421 in the Franchise 500!
Cost
Initial Investment: Low - $175,900 High - $828,700
Units
+56.5%+13 UNITS (1 Year) +140.0%+21 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 29th, 2019