- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$696K - $996K
- Units as of 2015
-
2
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
|
$40,000 |
|---|---|
|
Initial Investment
|
$695,600 - $996,400 |
|
Net Worth Requirement
|
$50,000 - $100,000 |
|
Cash Requirement
|
$150,000 - $300,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
0.5% |
| 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 | 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?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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