Cousins Maine Lobster

Thinking of investing in a Cousins Maine Lobster franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 2011, Cousins Maine Lobster specializes in Lobster food trucks and restaurants. As a Seafood franchise, Cousins Maine Lobster has grown to include over 37 (as of 2020) units since they began franchising in 2014 (7 years). It costs an estimated $187,150 – $815,450 to open a Cousins Maine Lobster franchise.

About Cousins Maine Lobster

Cousins Maine Lobster brings authentic Maine lobster to unique neighborhoods across the U.S. by way of our food trucks, food halls and brick & mortar restaurants. We bring our customers the most authentic Maine seafood experience by staying close to the source, proudly serving premium, wild-caught, sustainably harvested lobster from Maine, accompanied by our signature Downeast Maine hospitality.

Started in 2012 by real-life Cousins and Mainers, Jim Tselikis and Sabin Lomac, Cousins Maine Lobster began with two things: A Food Truck, and a shared vision to extend the highest-quality Maine lobster to the lobster-starved masses. Growing up in Maine, lobster was tradition, and always a reason to gather family, friends and loved ones to share a special meal. After appearing on Shark Tank a few months later, Jim & Sabin partnered with Barbara Corcoran and began franchising, partnering with local owners and entrepreneurs to bring Maine lobster to over 30 cities across the country.

Since 2012, Cousins Maine Lobster has been continually featured on the most influential entrepreneurial and culinary programming, including Shark Tank, The Food Network, Good Morning America, The Today Show, CNBC, The Chew, the Cooking Network, and more. Voted best Lobster Roll on the West Coast by Tasting Table three times, Cousins Maine Lobster regularly appears in leading publications Inc., Entrepreneur, Saveur, Food & Wine, Zagat, Eater and many more.

Company Founded

2011

Current Leadership

Sabin Lomac, Co-owner

Started Franchising

2014 (7 years)

Total Number of Units

37 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A Cousins Maine Lobster Franchise?

There are several costs associated with opening a Cousins Maine Lobster franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Cousins Maine Lobster franchise. The weekly fee for opening a Cousins Maine Lobster franchise is Royalty Fee Due On The 5Th Day Of Each Month.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Cousins Maine Lobster Is Renewable) and does the franchise offer financing support (Cousins Maine Lobster Cousins Maine Lobster has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory).

Cousins Maine Lobster Company Details

Here are some additional details about Cousins Maine Lobster.

Initial Investment	$38,500
Net Worth Requirement	$100,000 - $200,000
Royalty Fee	6-8%
Ad Royalty	2%
Cash Requirement	$50,000 - $75,000
Term of Agreement	5 years
Absentee Ownership	No
Run from Home	Yes
Part Time	No

Training and Support Offered By Cousins Maine Lobster

Cousins Maine Lobster offers several support options to its franchisees. With 37 (as of 2020) units, Cousins Maine Lobster aims to provide support to each franchise owner to help them operate a successful franchise location. Cousins Maine Lobster offers 84 hours on the job training, 74 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by Cousins Maine Lobster.

On-The-Job Training	84 hours
Classroom Training	74 hours
Additional Training	No
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Loyalty Program/App

Is Cousins Maine Lobster Right For You?

Cousins Maine Lobster has gone digital! Here are all of the ways you can find Cousins Maine Lobster online. Oftentimes, you can reach out to current franchisees of Cousins Maine Lobster online. Current franchisees may be able to offer personalized insights into what it is like owning a Cousins Maine Lobster franchise and offer tips to running a successful Cousins Maine Lobster franchise location.

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Why Should You Start a Cousins Maine Lobster Franchise?

Investing in a Food franchise such as Cousins Maine Lobster can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Cousins Maine Lobster franchise and we'll be in touch soon!

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