Phillips Seafood vs Lobster Joint Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Phillips Seafood vs Lobster Joint including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Phillips Seafood Franchise
Lobster Joint Franchise
Investment $1,000,000 - $5,000,000$695,600 - $996,400
Franchise Fee $25,000 - $40,000$40,000
Royalty Fee 5%6%
Advertising Fee 2%0.5%
Year Founded -2011
Year Franchised -2015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Phillips Seafood Franchise
Lobster Joint Franchise
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

 
Phillips Seafood Franchise
Lobster Joint Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
Phillips Seafood Franchise
Lobster Joint Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Phillips Seafood Franchise
Lobster Joint Franchise
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 Lobster Joint

Lobster Joint serves up only the best classic New England comfort food and more.
We're looking for entrepreneurs who wish to be owners of a proven franchise model.