A Cousins Maine Lobster Franchise Storefront offers Maine lobster and seafood meals, appetizers, entrees, and desserts in a store front location.
Company Background
Cousins Maine Lobster is the world's first and only franchise store to offer a full line of fresh, frozen and prepared lobster products. Founded in 2013 by cousins Sabin Lomac and Jim Tselikis, Cousins Maine Lobster has grown into the fastest-growing seafood restaurant chain in North America. The company has now grown to over 50 locations across six countries with plans to double that number in the next three years alone.
Franchise Opportunity
It can be hard to find good seafood, especially when you don't live near the coast. Not only is it hard to find good seafood, but it's also expensive and often not very fresh. Cousins Maine Lobster is a lobster restaurant that offers a wide variety of lobster dishes, as well as other fresh seafood items. Our food is always fresh and never frozen, and we offer a great selection of lobster dishes for any budget.
Corporate Structure
CML Storefront, LLC was organized in Maine on February 21, 2017. Their principal office address is 1947 N. Cahuenga Blvd, Unit #108 Los Angeles, CA 90068. They began offering storefront franchises in February of 2017.
Investment and Franchisee Fees
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.
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 8% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Cousins Maine Lobster Franchisees
Cousins Maine Lobster Franchise System Development in 2021
FAQ
How much investment do I need to start my own Cousins Maine Lobster business?
Franchisees typically require at least
$143,400 to
$344,900 investment to get their
Cousins Maine Lobster business started
What are the initial franchise fees for Cousins Maine Lobster?
Franchisees typically need to pay at least
$38,500 in fees directly to
Cousins Maine Lobster in order to earn the right to launch their business
How much money can I make with a Cousins Maine Lobster franchise? What are
the average revenues for a typical Cousins Maine Lobster business?
We haven’t done the math on how much revenue a typical
Cousins Maine Lobster brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$0 revenue, so we would expect
Cousins Maine Lobster to generate a similar amount
How long do I need to commit to running a Cousins Maine Lobster unit? What
is my contractual commitment?
Cousins Maine Lobster franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
9 /10
The Franchisor's investment costs ranges from
$177,500 to $341,000
which is
Much Lower
than the $619,545 to $1,693,635 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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