Franchisor Stories
The seafood franchise is a major player in its segment, offering franchisees a flexible investment model with strong brand awareness and high growth and profit potential.
Cousins Maine Lobster is a seafood restaurant concept that has both brick-and-mortar and food truck locations. After appearing on Shark Tank, the brand gained widespread recognition and began growing nationwide. Now, the brand is known for its fresh, sustainable approach to seafood and a menu of both classic and innovative lobster dishes.
Cousins Maine Lobster currently has more than 65 Cousins Maine units across the country, with plans to reach 20 new units opened in 2024 alone before the end of the year. Because the brand has such versatile build-out options, including in-line, food hall and food truck models, it offers a more flexible opportunity for franchisees and is positioned to continue steady expansion across the U.S.
Cousins Maine Lobster is a seafood restaurant concept serving soups, salads, sandwiches, lobster rolls and other specialties. With both brick-and-mortar restaurants and food truck models, Cousins Maine Lobster has a flexible model that can be tailored to meet the needs of individual franchisees and the demand that exists in their markets.
The brand’s 2024 Franchise Disclosure Document shows sales for a few different locations within the system. The highest reported total gross sales in the 2024 Item 19 is $1,514,160, and the lowest reported total gross sales is $636,140.
The estimated initial investment required to begin the operation of a Cousins Maine Lobster franchise ranges from $266,700 to $968,900. This includes the following costs:
Cousins Maine Lobster charges a $40,000 franchise fee.
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