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Below is an in-depth analysis and side-by-side comparison of Bubba Gump Shrimp Co. vs Cousins Maine Lobster including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $2,500,000 | $232,900 - $828,700 |
Franchise Fee | N/A | $38,500 |
Royalty Fee | - | 6-8% |
Advertising Fee | - | 2% |
Year Founded | 1996 | 2011 |
Year Franchised | 0 | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - Minimum of 5 years restaurant/hospitality experience in the market you wish to develop - Have the necessary infrastructure to support the concept and its development - Possess local market expertise in areas including trading demographics, codes and regulations and product acquisition - Culturally aligned with Landry's Inc. | - |
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 | - Training programs for all management positions - Training programs for all hourly positions - Training program implementation at your location - Ongoing Training support | On-The-Job Training: 40 hours Classroom Training: 40 hours |
Support | After signing the franchise agreement and paying the franchise fee and development fee (if applicable), you will immediately begin receiving assistance from the International Support Team, which consists of experienced representatives from each of the departments listed below. In addition, you will be assigned an International Project Manager who will oversee our departmental support and coordinate communications and activities between our organizations. In addition, after your location opens, an International Operations Representative will periodically visit your restaurant for on-site consultation and quality assurance evaluations. Your International Operations Representative is also available at any time for consultation on any business matter you wish to discuss. | 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 | ||
$2,500,000 | ||
$232,900 - $828,700 | ||
Franchise Fee | ||
N/A | ||
$38,500 | ||
Royalty Fee | ||
- | ||
6-8% | ||
Advertising Fee | ||
- | ||
2% | ||
Year Founded | ||
1996 | ||
2011 | ||
Year Franchised | ||
0 | ||
2014 | ||
Term Of Agreement | ||
- | ||
- | ||
Renewal Fee | ||
- | ||
- | ||
Business Experience Requirements |
||
Experience | ||
- Minimum of 5 years restaurant/hospitality experience in the market you wish to develop - Have the necessary infrastructure to support the concept and its development - Possess local market expertise in areas including trading demographics, codes and regulations and product acquisition - Culturally aligned with Landry's Inc. | ||
- | ||
Financing Options |
||
In-House/3rd Party | ||
Franchise Fees | ||
-/- | ||
-/Yes | ||
Start-up Costs | ||
-/- | ||
-/Yes | ||
Equipment | ||
-/- | ||
-/Yes | ||
Inventory | ||
-/- | ||
-/Yes | ||
Receivables | ||
-/- | ||
-/- | ||
Payroll | ||
-/- | ||
-/- | ||
Training & Support |
||
Training | ||
- Training programs for all management positions - Training programs for all hourly positions - Training program implementation at your location - Ongoing Training support | ||
On-The-Job Training: 40 hours Classroom Training: 40 hours | ||
Support | ||
After signing the franchise agreement and paying the franchise fee and development fee (if applicable), you will immediately begin receiving assistance from the International Support Team, which consists of experienced representatives from each of the departments listed below. In addition, you will be assigned an International Project Manager who will oversee our departmental support and coordinate communications and activities between our organizations. In addition, after your location opens, an International Operations Representative will periodically visit your restaurant for on-site consultation and quality assurance evaluations. Your International Operations Representative is also available at any time for consultation on any business matter you wish to discuss. | ||
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 |
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.