Lobster Pot Franchise
To buy a franchise with Lobster Pot, you'll need to have at least $100000 in liquid capital and a minimum net worth of $300000.
Total Units: 2
Year Founded: 1970
Franchising Since: 2017
Home Office: Provincetown, MA
Locations Available: See Below*
Liquid Capital Required: $100,000
Net Worth Required: $300,000
Total Investment: $629,500 – $1,200,000
Franchise Fee: N/A
Royalty Type: -
Vetern Discount: -
*Lobster Pot is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wyoming
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.
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.
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.
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.
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