Cousins Maine Lobster Franchise - Seafood Dishes

Cousins Maine Lobster franchise opportunities

Cousins Maine Lobster started out as a family business. It was established by Jim Tselikis and Sabin Lomac, who joined their efforts to create something unique. Cousins launched their first food track in 2012. Founders had a strong desire to celebrate Maine traditions and offer the freshest products at their establishment. The company’s specialty are lobster rolls, crab cakes, and various seafood dishes.

Nowadays, there are over 50 food trucks and restaurant units across the country. The parent company encourages franchise owners to own more than just one unit. One of the most famous franchise owners in the network is Yunus Shahul who currently owns 5 food trucks, and he actively proceeds to expand and enter new markets. A Cousins Maine Lobster franchise is an excellent chance to get into a thriving segment and serve the community the most delicious products, while making good profits.

Advantages of the franchise

• Several types of units available. The parent company gives you a possibility to set up either a food truck or a full-service restaurant.
• Training in Maine. The brand offers an opportunity to undergo a comprehensive training program in Maine and see first-hand how the main ingredient of all menu items, a lobster, is harvested, what makes the brand so special, and how to properly manage all business aspects.
• Marketing strategies. The brand provides advertising materials and means to promote your enterprise.
• Constant assistance and support. The parent company values all its franchisees and offers substantial help to navigate all business processes.
• Proprietary technologies and signature recipes. The brand shares manuals, technologies, and recipes with its franchisees.
• National recognition. Thanks to its delicious and fresh dishes and friendly customer service the brand is widely recognized in the country. It has a loyal customer base.

Franchise requirements

The brand is in search of entrepreneurs who wish to enter a thriving industry and sell premium products that are in high demand. The company welcomes candidates with previous experience in multi-unit operations. Applicants with good management and social skills are welcomed. Thus, prospective owners must be prepared to cover all franchise development costs and meet financial requirements.

How much does it cost to open a franchise?

The Cousins Maine Lobster franchise’s total cost ranges. It depends upon the type of establishment you desire to set up. On average, initial investment is estimated at about $190,800-$863,750. All prospective franchisees have to pay a lump-sum fee of $38,500. Thus, all applicants must have a net worth of $100,000-$200,000 and have access to $50,000-$75,000 in liquid cash.

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Ongoing fees

Royalty Fee: 6-8%
Advertising Fee: 2%

Cousins Maine Lobster Franchise Info: https://www.cousinsmainelobster.com/franchise/