Lobster Joint
New England style comfort foodThis company's data may be out of date.
- Units as of 2020
-
N/A Yearly Data not available
- 2020 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$696K - $996K
Company Overview
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About Lobster Joint
- Industry
- Food
- Related Categories
- Miscellaneous Quick-Service Restaurants, Food, Seafood , Miscellaneous Sandwiches,
- Founded
- 2011
- Leadership
- Bob Levitt, CEO
Franchising Overview
- Franchising Since
- 2015 (6 years)
- Where seeking
- Franchisor is seeking new franchise units worldwide.
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 - $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
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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.
- Are exclusive territories available?
- Yes
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