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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$696K - $996K
Units as of 2015
2 Decrease

Company Overview

About Lobster Joint

Industry Food
Related Categories Miscellaneous Quick-Service Restaurants, Seafood , Miscellaneous Sandwiches
Founded 2011
Leadership Bob Levitt, CEO
Corporate Address 1073 Manhattan Ave.
Brooklyn, NY 11222
Social Facebook, Twitter

Business Overview

Franchising Since 2015 (9 years)
# of Units 2 (as of 2015)

Information for Franchisees

Here's what you need to know if you're interested in opening a Lobster Joint 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 Information Circle
$40,000
Initial Investment Information Circle
$695,600 - $996,400
Net Worth Requirement Information Circle
$50,000 - $100,000
Cash Requirement Information Circle
$150,000 - $300,000
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
0.5%
Is franchise term renewable? Yes
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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 Lobster Joint has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022