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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$696K - $996K
Units as of 2015
2

Company Overview

About Lobster Joint

Industry
Food
Founded
2011
Leadership
Bob Levitt, CEO

Franchising Overview

Franchising Since
2015 (7 years)
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
2 (as of 2015)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
1073 Manhattan Ave.
Brooklyn, NY 11222

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.

Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Lobster Joint landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021