
Lobster Joint
New England style comfort food- 2023 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
Business Overview
- Franchising Since
- 2015 (8 years)
- Where seeking
-
This company is offering new franchisees in the following US states:
This company is offering new franchisees in the following international regions:
- # 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
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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