Lobster Joint
New England style comfort food
Lobster Joint
New England style comfort food
About
Founded
2011
Franchising Since
2015 (3 Years)
Corporate Address
1073 Manhattan Ave.
Brooklyn, NY 11222
CEO
Bob Levitt
Financial Requirements
Initial Investment ⓘ
$695,600 - $996,400
Net-worth Requirement ⓘ
$50,000 - $100,000
Liquid Cash Requirement ⓘ
$150,000 - $300,000
Ongoing Fees
Initial Franchise Fee ⓘ
$40,000 - $40,000
Ongoing Royalty Fee
6%
Ad Royalty Fee
0.5%
Financing Options
Lobster Joint has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll
Cost
Initial Investment: Low - $695,600
High - $996,400
Units
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
Related Franchises
Franchise Articles
5 Steps of the New Model of Revenue Recognition for Franchisors
The new rules around revenue recognition are lengthy and complex. Here's what you need to know.
Here's How You Can Avoid Being a Victim of Franchise Fraud
It is important for prospective franchisees to take adequate steps to protect themselves to avoid being a victim of a fraud
The Top 5 Business Service Franchises From the Franchise 500
Open a franchise and help others with their businesses, too.
These Roommates Changed Their Lives for a Sandwich -- and Built a Franchise Empire
Ashley Morris and Jason Smylie have known each other since they were eight years old. Here's how they maintain a healthy work relationship today.
Want to Buy a Franchise? Here's Your Step By Step Guide
Franchising is one of the safest ways of becoming a business owner
