How do I become a Cousins Maine lobster franchisee?
Start the adventure of owning your own business today by filling out our franchise application form for your very own Cousins Maine Lobster food truck or brick & mortar restaurant, and join the family today. Join the family!
What happened to Cousins Maine lobster?
Cousins Maine Lobster expanded gradually at first, with additional trucks in the LA area. A steady stream of loyal fans kept things going. But it wasn’t until 2015, when the business franchised, that sales suddenly ballooned, going from $2.6 million the year before to more than $11 million.
How much did Cousins Maine make?
“There were 80 people in line raving about the product,” Tselikis says. According to figures provided by Cousins Maine, that truck earned $890,824 in gross sales during 2012, its first year. Five years later, the company brought in more $20 million in 2017.
Where does Maine lobster come from?
Our lobsters are sourced only from Maine, from the icy Downeast waters to the mid-coast. Here, Maine Lobstermen haul their traps, marked with brightly colored buoys, often displaying the colors their grandfathers used decades before.
How much is a cousin Maine Lobster franchise?
How much does a Cousins Maine Lobster franchise cost? Cousins Maine Lobster has a franchise fee of up to $38,500, with a total initial investment range of $187,150 to $492,850.
How much is cousins lobster worth today?
These Two Cousins Got Drunk and Decided to Start a Lobster Truck. Now They're Running a $20 Million Business.
Did Shark Tank invest in Cousins Maine Lobster?
The truck was so successful out of the gate that the cousins appeared on the hit show “Shark Tank,” where they secured an investment from Barbara Corcoran. Cousins then launched a franchise program and now has 23 trucks in 12 cities and one brick-and-mortar location in Los Angeles.
Who owns cousins lobster truck?
“No one knows this better than entrepreneurs Sabin Lomac and Jim Tselikis, cousins and owners of Cousins Maine Lobster, a multimillion-dollar food truck empire. Using their expertise and insight, the cousins help struggling food truckers before they're derailed for good.
How much did Barbara make off of Cousins Maine Lobster?
Making a Deal Barbara Corcoran made, as we now know, a sweetheart deal with Cousins Maine Lobster. In exchange for $55,000, she received 15% of the business. This represented a bite of two-thirds from the original value of the business but, as the updates will show, it was worth it for the entrepreneurs.
What happened to Cousins Maine Lobster from Shark Tank?
By the end of the year, the brand expects 19 openings, including eight new cities. Jim Tselikis (left) and Sabin Lomac have grown the brand to roughly 40 food trucks nationwide and a handful of restaurants.
Is Cousins Maine Lobster successful?
The Cousins Maine Lobster empire continues to grow. As of March 2022, Cousins Maine Lobster has 42 trucks and 7 brick-and-mortar restaurants. As of May 2022, Cousins had an annual revenue of $29 million. Cousins Maine Lobster also has a booming franchise empire.
Did Cousins Maine Lobster go out of business?
The restaurant will close August 29th, 2022. “We are grateful for the 7 years we spent in the West Hollywood community,” said Sabin Lomac, Cousins Maine Lobster co-founder.
Is Barbara Corcoran still involved in Cousins Maine Lobster?
Is Barbara Corcoran Still Working With Cousins Maine Lobster? Yes, Barbara is still working with Cousins Maine Lobster in 2021. One founder, Jim Tselikis's LinkedIn profile, he displays a featured image of the two cousins giving Barbara a kiss on the cheek. They have a lot to thank her for!
Where does cousins lobster get their lobster?
We had our amazing food trucks in Southern California, but we wanted people all over the country to be able to taste our Maine lobster delicacies. With this in mind, we really wanted to promote our shore to door business, which allows customers to order our lobster from our facility in Maine, directly to their home.
How many locations does Cousins Maine Lobster have?
Cousins Maine Lobster, which has 36 food trucks and seven brick-and-mortar locations, signed four franchise agreements in the first quarter of 2022.
How did Cousins Maine Lobster start?
The idea for Cousins Maine Lobster came in 2011 when cousins Jim Tselikis and Sabin Lomac were discussing food they used to eat while growing up in Portland, Maine. Impressed with the Los Angeles food truck industry, they decided to start selling Maine lobster in the L.A. area.
Is Cousins Maine Lobster successful?
The Cousins Maine Lobster empire continues to grow. As of March 2022, Cousins Maine Lobster has 42 trucks and 7 brick-and-mortar restaurants. As of May 2022, Cousins had an annual revenue of $29 million. Cousins Maine Lobster also has a booming franchise empire.
How much is Maine lobster worth?
Fresh Maine Lobster Meat Price ComparisonsCompanyPrice/lbMin. CostLobster Anywhere$62.00$62.00Wulf's Fish$57.00$57.00Fulton Fish Market$64.99$129.99Get Maine Lobster$64.99$129.001 more row•Apr 15, 2022
Does cousin lobster truck take credit?
What forms of payment are accepted at Cousins Maine Lobster - Los Angeles? Cousins Maine Lobster - Los Angeles accepts credit cards.
Brick & mortars
Brick & Mortar storefronts, standalones, in-lines, food halls & more. We offer flexible models to fit your market. Cousins Maine Lobster will assist you every step of the way in choosing a location, building your restaurant, opening, and beyond! Versatile, easy-to-operate buildouts ranging from 200 sq ft. - 1500+ sq ft.
Food trucks
Our food trucks are world famous, and are the perfect way to bring the Maine lobster experience to your neighborhood. Be part of the food truck craze with a truck that is sure to stand out from the rest.
We train in Maine
We’re the real deal. Being part of the Cousins Maine Lobster family means training in Maine. You’ll meet our lobstermen and hop on board their boats. You’ll bait and haul traps, measure lobsters for sustainability, and learn what makes our Maine lobster so special, following our product all the way from trap to truck or table.
The best lobster in the world
Wild-caught, sustainably harvested, premium lobster from Maine. Sourced from one of our seven partner wharves and caught by hometown Lobstermen we know and trust. Served with care and attention by knowledgeable staff with our signature Downeast Maine Hospitality.
How much does a Cousins Maine Lobster franchise make?
As with any business, profits from a Cousins Maine Lobster franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Are there any Cousins Maine Lobster franchise opportunities near me?
Based on 2020 FDD data, Cousins Maine Lobster has franchise locations in 12 states. The largest region is the South with 8 franchise locations.
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.
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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Is Cousins Maine lobster on America's Best?
The Cousins Maine Lobster franchise is currently not available on America’s Best Franchises. Please scroll down to see some of our most popular franchises.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is Maine lobster roll?
One of our two classic roll styles, the Maine Roll is a favorite of Mainers and purists alike.
Is lobster bisque gluten free?
Our soups come in cup and bowl sizes, and are great on their own or as an add-on to a meal. Both our soups are gluten-free!
Does Cousins Maine lobster cater?
Weddings, work functions, or just throwing a great party, catering with Cousins Maine Lobster will always be a memorable and exceptional experience for you and your guests. Speak to a local Cousins Maine Lobster team member today for flexible catering options available in your area.
What is Cousins Maine Lobster?
In the early days, Cousins Maine Lobster sold mostly lobster rolls , but it now turns out many fast-casual twists on the crustacean, including tater tots served with pico de gallo and a cilantro lime sauce, which is doing “gangbusters,” according to Lomac.
What was the biggest hurdle in launching Cousins Maine?
The biggest hurdle in launching Cousins Maine, according to Lomac, was a psychological one . “You have to be fearless. You have to believe in what you’re doing, trust your gut, and kinda go against the grain,” he says. “Society teaches us we need to have stable jobs and follow a certain path.
Where are Sabin Lomac and Jim Tselikis from?
Anyone who says you can’t turn your food passion into big money hasn’t met Sabin Lomac and Jim Tselikis. Raised in Maine, the two cousins channeled their love of the state’s local lobster into Cousins Maine Lobster, a food truck they started in Los Angeles that has since blown up across the United States and beyond—and is now earning them ...
Is Lomac a franchise?
In addition to multiple food trucks and a restaurant in the city, Lomac and Tselikis have franchised their business, which includes locations in North Carolina, Texas, and even Taiwan. They have more standalone restaurants in the works. Cousins Maine Lobster. courtesy of Cousins Maine Lobster.
