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COUSINS MAINE LOBSTER

COUSINS MAINE LOBSTER

Cousins Maine Lobster franchises operate fast-casual storefront restaurants serving lobster, seafood, and other food items under the Cousins Maine Lobster brand. The business model involves licensing a proprietary system that includes know-how, training, operations manuals, marketing programs, and specifications to franchisees who invest between $266,600 and $965,800 to open a location. The target market is customers seeking quick-service, high-quality seafood meals in a casual dining environment.

2locations
$267K–$966K
Since 2017
Food & BeverageSouth Portland, MEwww.cousinsmainelobster.comDisclaimer

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Franchise Costs

Franchise Fee
$40,000
Initial Investment
$266,600 – $965,800
Royalty Rate
6.00%
Brand Fund
2.00%
Fixed Monthly Fees
$400

6% royalty + up to 2% ad fund + up to $400/mo regional advertising

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$1,299,825.37
Median Gross Revenue
$1,299,825.37
Top Quartile Revenue
$1,314,228.35
Bottom Quartile Revenue
$1,285,422.38

Data Based On: 2 franchised Storefronts open for the full 12 months in 2025

* Average Annual Gross Sales and Median Annual Gross Sales were directly extracted from 'Table 2: U.S. Average Gross Sales for Cousins Maine Lobster® Restaurants'. Revenue Top Quartile is the highest total gross sales ($1,314,228.35) and Revenue Bottom Quartile is the lowest total gross sales ($1,285,422.38), as identified in the Min-Max range provided in Table 2 for the 2 franchised units.

Extracted Item 19 Section

Avg. Revenue: $1,299,825

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How COUSINS MAINE LOBSTER Compares

Key Insights

  • One of the lowest investment costs in Casual Dining (ranked #3 of 45)
  • Lower than average SBA loan default rate in Casual Dining
FranchiseInvestmentFeeRoyaltyLocations
COUSINS MAINE LOBSTER
Current
$267K – $966K$40K6.0%2
IHOP & INTERNATIONAL HOUSE OF PANCAKES$617K – $4.6M$50KN/A1,630
BUFFALO WILD WINGS$2.5M – $4.9M$25K5.0%549
GOLDEN CORRAL STEAKS, BUFFET & BAKERY$2.1M – $8.5M$50K4.0%352
GOLDEN CORRAL$1.5M – $6.2M$50K4.0%344
ORIGINAL PANCAKE HOUSE (THE)$483K – $1.7M$60K2.0%150
Casual Dining Average
45 franchises
$1.5M – $3.4M$43K4.7%–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 45 Casual Dining franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2025)

Outlets by state across the United States

Top States
1California
1
2New Jersey
1
3Arizona
0
4North Carolina
0
5Ohio
0
6Georgia
0
7Florida
0

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SBA Loan History

Historical SBA 7(a) loan data for COUSINS MAINE LOBSTER franchisees (2016 – 2025)

Total Loans
9
Average Loan
$352,133
Total Volume
$3.2M
Default Rate
11.1%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

9 SBA loans on record

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Franchisee Contacts

1 franchisee contacts on file from official FDD filings.

1 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
2
Non-Renewals
0
Reacquired
0
Ceased Ops
0
Transfers
0
Sold to Franchisees
0
Projected New
0

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Frequently Asked Questions

The total initial investment to open a COUSINS MAINE LOBSTER franchise ranges from $266,600 to $965,800. This includes a franchise fee of $40,000. Ongoing royalty fees are 6.0% of gross sales.