Cousins Maine Lobster - Food Truck

Cousins Maine Lobster - Food Truck

Information based on 2024 FDD

Food & Beverage · Food Trucks

Investment min
$194K
Total: $194K–$645K
Avg gross revenue
$1M
Unit-level, 2024
Franchise fee
$40K
Per current disclosure
Royalty
8%
of gross revenue
Locations
48
Franchising since 2014

Description

What is Cousins Maine Lobster - Food Truck?

Cousins Maine Lobster is an innovative food truck franchise that brings the authentic taste of Maine lobster rolls and seafood delicacies directly to communities across America. Founded in 2011 and famously featured on Shark Tank, this concept has revolutionized the mobile food industry by delivering premium, sustainably sourced lobster in a convenient format.

The menu showcases two signature styles of lobster rolls - the classic Maine Roll (served chilled with mayo) and the Connecticut Roll (served warm with butter) - alongside creative offerings like lobster tacos, grilled cheese, and their popular lobster tots. Each dish features genuine Maine lobster sourced directly from small coastal communities, ensuring the highest quality and supporting local fishing traditions.

What sets Cousins Maine Lobster apart is their commitment to authenticity and excellence in a casual dining format. Their food trucks serve as mobile lobster shacks, bringing the New England seafood experience to customers nationwide. The business model includes multiple revenue streams through food truck operations, catering services, and brick-and-mortar locations in select markets.

The brand has garnered widespread acclaim for its exceptional customer service, consistent food quality, and ability to create a premium dining experience in a mobile setting. Their proprietary app allows customers to track truck locations, place orders, and earn rewards, adding a modern tech element to the traditional lobster shack concept. For entrepreneurs seeking a unique opportunity in the food and beverage sector, Cousins Maine Lobster offers a proven system that combines beloved seafood traditions with contemporary business innovation.
  • Exceptional revenue performance at nearly 3x subsector average
  • Premium Maine lobster specialization with authentic sourcing
  • Proven 13-year operating track record since 2011
  • Mobile food truck flexibility with lower overhead costs
  • Strong unit economics with $1.3M+ gross revenue potential
  • Specialized seafood market positioning with premium pricing power

Location Analysis

Where Cousins Maine Lobster - Food Truck wins

Cousins Maine Lobster operates a growing network of food truck locations across multiple states, with notable concentration in the Southeast and Mid-Atlantic regions. The brand maintains a strong presence in coastal markets, with significant operations in areas like Georgia, Maryland, New York, and Virginia, suggesting strategic focus on high-population coastal markets with seafood appreciation. Review data indicates varying performance across locations, with some individual units achieving strong customer satisfaction ratings, though operational consistency presents opportunities for improvement.

The franchise shows particular strength in metropolitan areas where food truck culture thrives and seafood demand is high. Market opportunities exist in unexplored coastal states and major inland urban centers with strong food truck scenes. Success factors include proximity to business districts, event venues, and areas with higher disposable income.

Ideal locations should feature: dense urban populations, strong lunch crowds, active food truck scenes, and minimal direct seafood competition. Weather considerations are crucial for food truck operations, suggesting better performance in markets with longer outdoor dining seasons. Expansion opportunities exist in untapped Northeast markets and West Coast cities where premium seafood concepts resonate well with consumers.

Prospective franchisees should focus on areas with established food truck regulations, regular events/festivals, and demographics indicating disposable income for premium food concepts.
Total US locations
54
Franchise units
48
Corporate locations
6
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Cousins Maine Lobster - Food Truck

Avg gross revenue$1,307,354
Investment range$194,000 – $644,700
Investment midpoint$419,350
Brand fund2%
Royalty8%
Franchise fee$40,000
Min. net worth
Min. liquid capital
Cousins Maine Lobster's food truck investment requires $194,000-$644,700 in total capital, presenting a mixed positioning within the food truck sector. The minimum investment of $194,000 falls below the subsector average of $219,555, while the maximum of $644,700 significantly exceeds the average maximum of $415,817. This wide range reflects varying market conditions and equipment specifications for the specialized seafood model.

The franchise demonstrates exceptional revenue performance with gross revenue of $1,307,354, nearly triple the subsector average of $445,620. This outstanding financial performance justifies the premium investment requirements and reflects the brand's successful positioning in the specialty seafood market. The revenue strength indicates strong consumer demand and effective operational systems.

Established in 2011 with 54 active units, the franchise shows measured growth over thirteen years, suggesting selective expansion and strong franchisor oversight. The controlled development approach may indicate territory protection and quality maintenance standards.

The food truck model offers operational flexibility and mobility advantages with lower overhead than traditional restaurants. However, the premium seafood focus requires sophisticated cold-chain logistics and higher food costs. Ideal investors need substantial liquid capital, food service experience, and understanding of perishable inventory management and mobile business operations.
Did you know? Did you know that bringing the authentic taste of Maine's lobster rolls to your community through a Cousins Maine Lobster food truck franchise requires a total investment between $194,000 and $644,700, which covers everything from the $40,000 franchise fee to your fully equipped mobile kitchen ready to serve up those famous lobster delicacies that made the cousins from Maine famous on Shark Tank?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$194K–$645K
Most common
$194,000
Minimum
$419,350
Midpoint
$644,700
Maximum

Per FDD Item 7, total initial investment ranges from $194,000 to $644,700. The midpoint $419,350 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$2M$2M$1M$800K$400KN/A
$1M
$1M
$1M
2022
2023
2024
Avg
$1M
YOY change (2023 -> 2024)
-8%

According to Item 19 of the Franchise Disclosure Document, Cousins Maine Lobster - Food Truck has an average gross revenue of $1M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

+23% YoY
60483624120
2017
2018
2019
2020
2021
2022
2023
2024
54 units open as of 2024 FDD+10 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Cousins Maine Lobster - Food Truck's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Cousins Maine Lobster - Food Truck franchise typically ranges between $194,000.00 and $644,700.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Cousins Maine Lobster - Food Truck
Cousins Maine Lobster - Food Truck
$1M avg revenue · 48+ US franchises

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