Cousins Maine Lobster Franchise

Mobile selling lobster rolls

Cousins Maine Lobster is looking for motivated, experienced business people to help us expand our brand of Maine lobster around the world.Cousins Maine Lobster isreal cousins with a passion for the sweet, delicious Maine lobster we grew up eating. We started selling lobster rolls out of a single truck in the spring of 2012. After a lot of hard work (and a good amount of fun) we now have a fleet of trucks and several franchise commitments throughout the United States.Cousins Maine Lobster'scommitment to quality food and great customer service has led to our being featured on ABC s Shark Tank, The Chew, the Katie Couric show, CNBC, FOX, and QVC! Cousins Maine Lobsterhasbeen named the LA Hot List s #1 Food Truck in LA two years in a row and Tasting Table named us the “Best Lobster Roll on the West Coast-- for 2013, 2014, and 2015. Our passion, our nationally recognized brand, our customer loyalty and our awesome lobster rolls make us special. If you re looking to own your own business and are ready to start selling the #1 lobster rolls in America, sign up to join our family.Cousins Maine Lobster isseeking franchisees who are committed to our brand, offering the highest quality food in a family-friendly environment with outstanding customer service, and offering Maine lobster every day from our officialCousins Maine Lobsterfood trucks.The total investment necessary to begin operation of a Cousins Maine Lobster franchise is $232,900 to $828,700. This includes between $68,500 and $98,500, that must be paid to franchisor and its affiliates. The total additional investment necessary to become a Cousins Maine Lobster Area Developer with one additional franchise is $30,000 to $120,000 for 4 additional franchises. This includes $30,000 to $120,000 that must be paid to the franchisor or its affiliate(s). If you elect and qualify for an Area Developer franchise, you must open a minimum of one additional Cousins Maine Lobster franchise business.#421 in Franchise 500 for 2020.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Cousins Maine Lobster, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Cousins Maine Lobster website.

How much does it cost to open a Cousins Maine Lobster Franchise ?

The investment required to open a Cousins Maine Lobster Franchise is between $232,900 - $828,700 . There is an initial franchise fee of $38,500 which grants you the license to run a business under the Cousins Maine Lobster name.

Individual Franchise Costs

  • Initial Investment:
    $232,900 -
  • Initial Franchise Fee:
    $38,500
  • Royalty Fee:
    6-8%
  • Advertising Fee:
    2%

Expense In-House Third Party
Franchise Fee N/A Yes
Startup Costs N/A Yes
Equipment N/A Yes
Inventory N/A Yes
Accounts Receivable N/A N/A
Payroll N/A N/A

Training
On-The-Job Training: 40 hours Classroom Training: 40 hours

Support
Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software

Marketing
Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app

Cousins Maine Lobster Growth History

When did the first Cousins Maine Lobster open? 2011
When did Cousins Maine Lobster start Franchising ? 2014

Absentee Ownership Allowed Number of Employees Required to Run: 2

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How much money you could make as a Cousins Maine Lobster Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Cousins Maine Lobster Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$38,500 - $828,700
Initial Franchise Fee
$38,500
Royalty Fee
6-8%
Advertising Fee
2%
Cousins Maine Lobster Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Cousins Maine Lobster and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Cousins Maine Lobster franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.