| ||||
Phillips Seafood vs Cousins Maine Lobster Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Phillips Seafood vs Cousins Maine Lobster including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,000,000 - $5,000,000 | $232,900 - $828,700 |
| Franchise Fee | $25,000 - $40,000 | $38,500 |
| Royalty Fee | 5% | 6-8% |
| Advertising Fee | 2% | 2% |
| Year Founded | - | 2011 |
| Year Franchised | - | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | * Multiple restaurant/or hospitality experience * Existing infrastructure to develop operations and expansion * Solid capitalization to meet an endorsed development plan * Appropriate experience in the desired market or venue * Commitment to timely development * Passion to safeguard a Heritage brand of almost 100 years | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | - | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | - | Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Start-Up Costs and Fees Mobile |
||
| Investment | ||
| $1,000,000 - $5,000,000 | ||
| $232,900 - $828,700 | ||
| Franchise Fee | ||
| $25,000 - $40,000 | ||
| $38,500 | ||
| Royalty Fee | ||
| 5% | ||
| 6-8% | ||
| Advertising Fee | ||
| 2% | ||
| 2% | ||
| Year Founded | ||
| - | ||
| 2011 | ||
| Year Franchised | ||
| - | ||
| 2014 | ||
| Term Of Agreement | ||
| - | ||
| - | ||
| Renewal Fee | ||
| - | ||
| - | ||
Business Experience Requirements |
||
| Experience | ||
| * Multiple restaurant/or hospitality experience * Existing infrastructure to develop operations and expansion * Solid capitalization to meet an endorsed development plan * Appropriate experience in the desired market or venue * Commitment to timely development * Passion to safeguard a Heritage brand of almost 100 years | ||
| - | ||
Financing Options |
||
| In-House/3rd Party | ||
| Franchise Fees | ||
| -/- | ||
| -/Yes | ||
| Start-up Costs | ||
| -/- | ||
| -/Yes | ||
| Equipment | ||
| -/- | ||
| -/Yes | ||
| Inventory | ||
| -/- | ||
| -/Yes | ||
| Receivables | ||
| -/- | ||
| -/- | ||
| Payroll | ||
| -/- | ||
| -/- | ||
Training & Support |
||
| Training | ||
| - | ||
| On-The-Job Training: 40 hours Classroom Training: 40 hours | ||
| Support | ||
| - | ||
| Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | ||
| Marketing | ||
| - | ||
| Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | ||
| Operations | ||
| - | ||
| Absentee Ownership Allowed Number of Employees Required to Run: 2 |
||
Expansion Plans |
||
| US Expansion | ||
| - | ||
| Yes | ||
| Canada Expansion | ||
| - | ||
| - | ||
| International Expansion | ||
| - | ||
| Yes | ||
Company Overviews
About Phillips Seafood
Since 1914, Phillips has set the highest standards in the seafood industry. Known for our leadership and a commitment to protecting our natural resources, Phillips has obtained international recognition for our high volume, award-wining restaurants and quality Phillips brand retail products. An overnight success, four generations in the making, Phillips is continuing this focused growth with the launch of our franchising division. This new unit, having demonstrated compelling successes in airports, motorways, NFL stadiums, specialty locations and hotel venues is positioned for growth through relationships with highly qualified strategic partners that have a proven history of successful business operations. As a Phillips Strategic Partner, you will benefit not just from the tremendous recognition of the Phillips name, but our experience in creating and managing successful restaurant operations, a world class culinary R & D team and our proven operational expertise. Our franchise program has the versatility that enables you to diversify your franchise portfolio while leveraging your existing overhead. Innovation and tradition are the driving forces behind our brand. From quick service and grab & go operations, to our casual concept, through our fine dining restaurant, Phillips concepts are just as appealing and versatile as the seafood products we offer.
About Cousins Maine Lobster
Cousins Maine Lobster is looking for motivated, experienced business people to help us expand our brand of Maine lobster around the world.
Cousins Maine Lobster is real cousins with a passion for the sweet, delicious Maine lobster we grew up eating. We started selling lobster rolls out of a single truck in the spring of 2012. After a lot of hard work (and a good amount of fun) we now have a fleet of trucks and several franchise commitments throughout the United States.
Cousins Maine Lobster's commitment to quality food and great customer service has led to our being featured on ABC’s Shark Tank, The Chew, the Katie Couric show, CNBC, FOX, and QVC!
Cousins Maine Lobster has been named the LA Hot List’s #1 Food Truck in LA two years in a row and Tasting Table named us the “Best Lobster Roll on the West Coast” for 2013, 2014, and 2015. Our passion, our nationally recognized brand, our customer loyalty and our awesome lobster rolls make us special. If you’re looking to own your own business and are ready to start selling the #1 lobster rolls in America, sign up to join our family.
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.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}