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Updated RecentlyLobster Joint vs Bailey Seafood Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Lobster Joint vs Bailey Seafood including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $695,600 - $996,400 | $226,000 - $382,000 |
| Franchise Fee | $40,000 | $35,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 0.5% | - |
| Year Founded | 2011 | 1989 |
| Year Franchised | 2015 | 2019 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/Yes |
| Inventory | -/Yes | -/Yes |
| Receivables | -/Yes | -/Yes |
| Payroll | -/Yes | -/Yes |
Training & Support |
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| Training | - | Bailey Fish & Seafood offers a comprehensive and hands on training program in order to ensure that franchisees are 100% equipped with the knowledge, skills and expertise to successfully operate their own center. Our multi-phase training includes hours of hands on training at one of our already established locations in addition to many hours of ongoing support at your newly established location. On-The-Job Training: 20 hours Classroom Training: 14 hours |
| Support | - | Grand Opening Site Selection |
| Marketing | - | Social media |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
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.
About Bailey Seafood
Bailey Seafood was founded in 1985 out of a passion for fresh seafood.
Started out with only one employee, the market quickly grew after
customers from the neighborhood realized they can purchase the freshest
seafood in Buffalo without having to travel far. Through a lot of hard
work and word of mouth, Bailey Seafood quickly anchored itself as one of
the best places to get a fast and fresh fish dinner in Buffalo.
Bailey’s Fish & Seafood provides you an opportunity to partner
with an industry leader whose sales grow more and more annually. Our
concept is unlike any other. We have geared our company to provide you
with knowledge, support and training that will allow you to effectively
meet and surpass any consumer expectations.
Offerings
We offer two different types of franchise opportunities. You can
choose to own a single unit franchise which allows you to operate your
own Bailey Fish & Seafood in a protected territory of your choice.
We also offer area development Franchises for those looking to lock down a
larger territory and slowly build a series of Bailey Fish &
Seafood locations/territories.