|Liquid Capital Required:||$100,000|
|Net Worth Required:||$300,000|
|Total Investment:||$629,500 - $1,200,000|
|Financing:||Via 3rd party|
|Incorporated Name:||Lobster Pot|
|Home Office:||Provincetown, MA|
About Lobster Pot
Featuring an incredible menu that includes our famous soups, giant bowls of steaming bouillabaisse, generous cuts of fresh fish, juicy steaks, and New England lobster, Lobster Pot offers the kind of meal that our guests fall in love with. Lobster Pot brings the taste of Cape Cod to every community where it opens its doors. Dedicated to the winning combination of outstanding food and exceptional service that its success is based on, Lobster Pot is offering its proven business model backed by nearly 40 years of industry experience to franchise investors across the nation.
Values & History
Lobster Pot was founded in 1970 in Provincetown, MA. Overlooking the historic Provincetown Harbor, the original location has become a local tradition. Building on its success, the restaurant began offering franchise ownerships based on its seafood and steak model in 2017. Featuring real New England seafood prepared in the Cape Cod tradition, Lobster Pot's extensive and creative menu represents a real opportunity for those interested in running a restaurant business under a brand known for quality and dedicated service.
US consumers spend roughly two-thirds of their annual seafood expenditures in restaurants and other foodservice businesses. Seafood remains an important menu item for most operations, with fish, shrimp, and clams being the most common offerings due to their lower cost. Portion sizes are easy to control and seafood products can be quickly and consistently prepared.
Purchasing a Lobster Pot Franchise
Prospective franchisees will need at least $100k in liquid capital for consideration and a minimum net worth of $300k. The total initial expected investment for this offer stands between $629,500 and $1,200,000, with financing options available through third-party lenders for those who qualify.
Ideal Candidate & Qualifications
Lobster Pot franchisees require strong sales experience and team management skills, and a focus on delivering top-notch customer service. Ideal candidates will be highly motivated towards business success and should be prepared to commit to a hands-on approach to running their operation. The ability to lead and interact well with others is also preferred.
Training & Support
Lobster Pot features outstanding training and support for new franchisees, extending to both management and staff. With high standards that come from over 40 years of experience in the industry, the brand is well-positioned to ensure our franchise owners have what it takes to operate their location from the moment the doors open, from the front of the house to the back. Comprehensive advertising, marketing, and social media strategies with a strong track record of success will keep people committed to the brand while a network of franchisees is on hand to provide guidance wherever necessary.