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2023 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
Corporate Address
1073 Manhattan Ave.
Brooklyn, NY 11222
Social
Facebook, Twitter

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
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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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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company’s legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022