Cousins Maine Lobster

Lobster rolls and seafood
FREE Franchise Guide!
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$194K - $969K
Units as of 2024
70 Increase 89.2% over 3 years

Cousins Maine Lobster was founded by two cousins, Jim Tselikis and Sabin Lomac, in 2012. They started with just one food truck, a small restaurant, and skeleton staff. With a brand culture that customers gravitated toward, their big break came when they were featured on ABC's hit investment show Shark Tank. 

Many Cousins Maine Lobster franchises are in the South, where over 15 locations make up the franchisor's 40-plus locations nationwide. Cousins Maine Lobster has also recently expanded internationally. If you are passionate, goal-oriented, hardworking, and have an innate desire to learn while having fun, Cousins Maine Lobster may be the franchise for you. Although they prefer franchisees with professional business management experience, you don't need extensive food industry know-how. You should prioritize exceptional customer care.

Why You May Want to Start a Cousins Maine Lobster Franchise

Cousins Maine Lobster offers franchise holders multiple models that suit your preferred market location, including stand-alone shops, physical storefronts, food halls, food trucks, and more. As a franchisee, you'll be offering fast-casual seafood options by operating on a nationally recognized and internationally trusted brand.

The franchiser serves premium, 100% wild-sourced, and sustainably harvested Maine lobster as the signature delicacy, offered alongside traditional New England hospitality. When you join the Cousins Maine Lobster franchise, you may train in Maine, following the product from the lobstermen's nets to the table. The franchise is committed to food quality, excellent customer service, and their famous lobster roll.

What Might Make a Cousins Maine Lobster Franchise a Good Choice?

To be part of the Cousins Maine Lobster team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. A typical franchise agreement runs for five years. At the conclusion of those five years, you may be offered a chance to renew your franchise if both you and the franchisor are in agreement.

Cousins Maine Lobster marketing systems may give you stability so that you can best run your franchise. Their Hollywood, California corporate headquarters restaurant employs multiple staff members, and the franchisor prefers that your location follows their model.

You will not go it alone with your franchise, as Cousins Maine Lobster offers multi-location, multi-level training, and a corporate member will be present when you open shop. Besides a digital bundle of marketing materials, you'll have access to proprietary technology that simplifies operations and gives your business an edge against the competition.

How To Open a Cousins Maine Lobster Franchise

As you decide if opening a Cousins Maine Lobster franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Cousins Maine Lobster franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Review Cousins Maine Lobster's updated Franchise Disclosure Document, and ask the franchise representative to answer any questions you may have. You may be invited to Los Angeles to meet Sabin and Jim, the Cousins, who may speak with you regarding your proposed concept and market location. Upon award of a franchise agreement, the company will take you to Maine and then Los Angeles, California for initial training, where you'll learn the ins and outs of the lobster industry.

Find Your Perfect Franchise

Company Overview

About Cousins Maine Lobster

Industry Food
Related Categories Seafood , Miscellaneous Quick-Service Restaurants
Founded 2011
Parent Company Cousins Maine Lobster
Leadership Jim Tselikis, Co-owner
Corporate Address 125 John Roberts Rd., #2
South Portland, ME 04106
Social Facebook, Twitter, LinkedIn, Instagram, YouTube, TikTok

Business Overview

Franchising Since 2014 (10 years)
# of employees at HQ 25
Where seeking

This company is offering new franchises throughout the US.

# of Units 70 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Cousins Maine Lobster 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 Information Circle
$40,000
Initial Investment Information Circle
$194,000 - $968,900
Net Worth Requirement Information Circle
$500,000 - $1,000,000
Cash Requirement Information Circle
$250,000 - $500,000
Royalty Fee Information Circle
6%/8%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

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 Cousins Maine Lobster has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 74-116 hours
Classroom Training 51-74 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 8-12
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where Cousins Maine Lobster landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Cousins Maine Lobster ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Cousins Maine Lobster.

Exit Factor

description
Business coaching and consulting

Hi-Five Sports

description
Youth sports programs and facilities

Pokeworks

description
Poke and Asian fusion bowls

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

Having Trouble Sleeping? Listen to Some 'Kentucky Fried Chicken Rain' ASMR.

This collaboration introduces soundscapes on Hatch devices that feature gentle "fried chicken rain sounds" meant to evoke the soothing sound of fried chicken sizzling in oil.

Franchise

The McRib Is Back, But Only at Select McDonald's — Here's Where to Find It

This scarcity is nothing new. In 2022, McDonald's announced a "Farewell Tour" for the McRib, suggesting that it might be the last time customers could get their hands on it.

Franchise

ComForCare Franchises Make a Profound Difference in the Lives of Older Adults

With the demand for senior care rapidly expanding, a ComForCare franchise offers a rewarding opportunity to enhance the quality of life of seniors in your community.

Franchise

'We Are Not Red or Blue — We Are Golden': McDonald's Tells Employees It's Non-Political After Trump Visit

In a message to employees, McDonald's clarified that company leadership approved the visit, but the fast-food giant is not political.

Franchise

Jake Paul Partners with Dog Haus for 25-Store Franchise Deal and Board Seat Ahead of Mike Tyson Fight

Dog Haus is already a growing player in the fast-casual dining space, and Paul's involvement could propel the brand to new heights.

Franchise

Hi-Five Sports Has been the Pioneer in Youth Sports Entertainment Since 1990

Hi-Five Sports is the first franchise system to focus on "Youth Sports Entertainment" and offers both brick and mortar, and home based business models.

See more franchise content
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