Latest news with #CousinsMaineLobster
Yahoo
2 hours ago
- Business
- Yahoo
Cousins Maine Lobster plans 100th location by end of 2025
Fast-casual US seafood brand Cousins Maine Lobster (CML) has announced significant growth as it aims to open its 100th location by the end of 2025. The brand, which recently celebrated its 13th anniversary and exceeded $1bn in systemwide sales, is expanding its national presence with new units and development agreements. CML's expansion strategy includes entering new markets and reinforcing its presence in established ones. The recent opening of its 85th unit in Grand Rapids in the US state of Michigan exemplifies this growth, as does its relaunch in Oklahoma City, with operators expanding across Oklahoma, Arkansas and Texas. New trucks in Central Illinois and added units in Pennsylvania and New York are indicative of the brand's momentum. The brand's growth is set to continue with upcoming launches in the cities of Milwaukee in Wisconsin and Minneapolis in Minnesota. The new locations, along with a food truck in Kalamazoo, Michigan, reflect the increasing demand for CML's premium, wild-caught Maine lobster. The brand's expansion is not limited to new units. Development agreements with franchisees in California and Wisconsin signal a commitment to long-term growth. Menu innovation remains a priority for CML, with the introduction of the Garlic Butter Lobster Roll and seasonal offerings such as Pink Lemonade Whoopie Pie. New menu items complement the brand's vision of offering seafood in a fast-casual setting. CML's growth has positioned it as one of the fastest-growing seafood concepts in the US. With plans to open 20 units in 2025, the brand is on track to reach its 100-unit goal. The company's expansion includes both company-led initiatives and partnerships with franchisees, who are integral to delivering quality and driving local marketing efforts. Franchisees are at the heart of CML's growth, with the average franchisee owning six units and driving an average unit volume (AUV) of $1.3m. The brand's business model, which allows for the launch of food trucks within three to six months, offers flexibility and low overheads for operators. CML is seeking new franchise partners, targeting markets with a demand for fast-casual seafood, including San Diego, Reno and Midwest locations. CML co-founder Sabin Lomac stated: "As we approach the 100-unit milestone, our mission remains the same – connecting people through memorable experiences and real Maine lobster." "We're focused on smart growth, innovative menu additions and franchisee support to ensure long-term success. We're proud of how far we've come, and we're thrilled by the opportunities that lie ahead as we look forward to the rest of the year." "Cousins Maine Lobster plans 100th location by end of 2025" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
3 days ago
- Business
- Associated Press
Cousins Maine Lobster Celebrates 2025 Nationwide Growth
Nationally Acclaimed Lobster Concept Approaches 100 Units through Openings and Signed Deals PORTLAND, Maine, June 6, 2025 /PRNewswire/ -- Cousins Maine Lobster (CML), the industry-leading fast-casual brand nationally recognized for serving authentic Maine lobster, is surging into the second half of 2025 with major momentum. Fresh off its 13th anniversary in April, the brand has celebrated key milestones, including new truck launches, signed development agreements, and surpassing $1 billion in systemwide sales. CML continues to accelerate its nationwide expansion, now operating 85 units across 35 states, with plans to open its 100th location by the end of 2025. Cousins Maine Lobster has strengthened its national footprint in untapped territories while doubling down on its presence in existing markets. In April, the brand celebrated its 85th unit opening in Grand Rapids, MI, further extending its Michigan reach westward from Detroit. CML also relaunched in Oklahoma City through existing operators who are actively expanding across Oklahoma, Arkansas, and Texas. Additional openings have included two trucks in Central Illinois, as well as new units in Pittsburgh, PA; Syracuse and Albany, New York; and Southwest Pennsylvania/West Virginia. Looking ahead, the brand will break new ground this month with its first-ever launch in Milwaukee, WI, and Minneapolis, MN, followed by further expansion in West Michigan with a new truck in Kalamazoo. These new trucks reflect the growing demand for the brand's premium, wild-caught Maine lobster served in approachable, fast-casual formats. In addition to recent openings, CML has development agreements with new franchisees in California and Wisconsin. Existing operators continue to grow with CML, committing to additional units in North Carolina, South Carolina, Florida, Georgia, New Mexico, and Arizona. With expansion opportunities still available, Cousins Maine Lobster is actively seeking franchise partners in select territories throughout the Midwest, Southeast, and West. 'We're incredibly proud of the brand's momentum so far in 2025,' said Jim Tselikis, co-founder of Cousins Maine Lobster. 'From coast to coast, we're seeing growing excitement for our one-of-a-kind concept, and that demand is a direct reflection of the hard work and dedication of our incredible operators. Each one brings a true taste of Maine to their community, whether it's through our food trucks or brick-and-mortar locations, with authenticity, energy, and heart. Their commitment to quality and genuine hospitality is what continues to set us apart and drive our brand nationwide.' Menu innovation has been a key priority for CML, introducing a new lobster roll offering this spring for the first time in brand history. The Garlic Butter Lobster Roll features warm, wild-caught Maine lobster coated in rich garlic butter and served on a toasted split-top roll. The item has quickly become a customer favorite, offering a bold flavor addition to the brand's core menu. In addition, CML is leaning into seasonal flavors with its limited-time Pink Lemonade Whoopie Pie, a fun, refreshing twist on a classic dessert. Now one of the fastest growing seafood concepts in the US, Cousins Maine Lobster is on track to open 20 units this year, with their sights set on becoming a 100-unit brand by the end of 2025. In addition to their recent Company-led expansion in markets like Kansas City and Louisville, the brand has executed more than 30 development agreements with franchisees. They value the role that their franchisees play in consistently delivering an elevated customer experience, driving deeply connected local marketing, and enabling new unit expansion. Within the brand, the average Cousins Maine Lobster franchisee currently owns 6 units, drives a food truck AUV of $1.3 million, and has been launching additional new units based upon multi-year growth plans. 'As we approach the 100-unit milestone, our mission remains the same – connecting people through memorable experiences and real Maine lobster,' said Sabin Lomac, co-founder of Cousins Maine Lobster. 'We're focused on smart growth, innovative menu additions and franchisee support to ensure long-term success. We're proud of how far we've come, and we're thrilled by the opportunities that lie ahead as we look forward to the rest of the year.' Cousins Maine Lobster is seeking operators who are passionate about delivering high-quality food and exceptional customer service. With a proven business model that offers flexibility, operators can launch food trucks in as little as three to six months. Low overhead and labor costs allow operators to enter each market efficiently and cost-effectively. The brand is targeting markets with strong demand for high-quality, fast-casual seafood, including San Diego, California; Reno, Nevada; and areas across the Midwest, including St. Louis, Missouri; Des Moines, Iowa; and Fort Wayne, Indiana. About Cousins Maine Lobster Cousins Maine Lobster is a premier seafood franchise bringing authentic Maine lobster to communities nationwide through its fleet of food trucks and brick-and-mortar restaurants. Founded in 2012 by cousins Jim Tselikis and Sabin Lomac, the brand started as a passion project and quickly gained national recognition after securing an investment from Barbara Corcoran on Shark Tank. Since then, Cousins Maine Lobster has become a leading franchise, delivering high-quality, wild-caught Maine lobster with a commitment to consistency, hospitality, and an unforgettable guest experience. Whether serving seafood lovers from its iconic food trucks or expanding into new markets with restaurant locations, Cousins Maine Lobster continues to set the standard for premium lobster offerings. To learn more about franchise opportunities with Cousins Maine Lobster, visit To find a location near you, visit DISCLAIMER: This news is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy a franchise. Any actual offer or solicitation can only be made through a Franchise Disclosure Document. If you reside in California, Connecticut, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, we may not be able to offer you a franchise until it has been registered in your state. View original content to download multimedia: SOURCE Cousins Maine Lobster
Yahoo
6 days ago
- Business
- Yahoo
Cousins Maine Lobster Rolls into Minnesota
Debuting First Location in Minneapolis, Continuing Midwest Expansion MINNEAPOLIS, June 3, 2025 /PRNewswire/ -- Cousins Maine Lobster (CML), the industry-leading fast-casual lobster roll brand, is expanding its Midwest footprint with the launch of the brand's first food truck in Minneapolis. The corporate-owned and operated truck will bring the irresistible flavors of Maine lobster directly to the heart of Minnesota. With a growing demand for high-quality seafood across the state and region, the new truck will offer local lobster lovers the opportunity to enjoy CML's world-famous Maine lobster rolls, mouthwatering lobster tacos, savory lobster grilled cheese, and delicious whoopie pies. "We're incredibly thrilled to bring Cousins Maine Lobster to Minneapolis, a city known for its vibrant food culture and strong sense of community," said Sabin Lomac, co-founder of Cousins Maine Lobster. "Further expansion in the Midwest has always been part of our vision, and Minneapolis is the perfect next stop. We're proud to share the authentic Maine lobster experience with seafood fans here and look forward to becoming a part of the local food scene." Cousins Maine Lobster is set to make its official debut in Minneapolis on Friday, June 6, with a grand opening event at Menards Plaza at 12600 Plaza Drive, Eden Prairie, MN 55344. The event will run from 11am – 7pm, inviting guests to join them as they celebrate their arrival in the market with an official ribbon cutting and launch party. For more information on our Minneapolis food truck calendar of events, check out our Facebook page: Cousins Maine Lobster Minneapolis. "At Cousins Maine Lobster, we are excited to continue our Midwest growth, a region where we have a strong demand and opportunity to deliver a premium seafood experience," said Lindsay Herberger, Director of Franchise Development at Cousins Maine Lobster. "We're confident that our team will make a standout debut in Minneapolis, and we look forward to building strong partnerships within the community. We're also looking for new franchisees who are interested in capitalizing on the momentum we've built and helping us expand our footprint across the Midwest." Cousins Maine Lobster is seeking operators who are passionate about delivering high-quality food and exceptional customer service. With a proven business model that offers flexibility, operators can launch food trucks in as little as three to six months. Low overhead and labor costs allow operators an efficient and cost-effective entry into each market. The brand is currently targeting markets with strong demand for high-quality, fast-casual seafood, including San Diego, California; Reno, Nevada; and areas across the Midwest, including St. Louis, Missouri; Des Moines, Iowa; and Fort Wayne, Indiana. About Cousins Maine Lobster Cousins Maine Lobster is a premier seafood franchise bringing authentic Maine lobster to communities nationwide through its fleet of food trucks and brick-and-mortar restaurants. Founded in 2012 by cousins Jim Tselikis and Sabin Lomac, the brand started as a passion project and quickly gained national recognition after securing an investment from Barbara Corcoran on Shark Tank. Since then, Cousins Maine Lobster has become a leading seafood franchise, delivering high-quality, wild-caught Maine lobster with a commitment to consistency, hospitality, and an unforgettable guest experience. Whether serving seafood lovers from its iconic food trucks or expanding into new markets with restaurant locations, Cousins Maine Lobster continues to set the standard for premium lobster offerings. To learn more about franchise opportunities with Cousins Maine Lobster, visit To find a location near you, visit DISCLAIMER: This news is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy a franchise. Any actual offer or solicitation can only be made through a Franchise Disclosure Document. If you reside in California, Connecticut, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, we may not be able to offer you a franchise until it has been registered in your state. CONTACT: Ryan Gorton All Points Public Relationsrgorton@ View original content to download multimedia: SOURCE Cousins Maine Lobster Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
20-05-2025
- Business
- CNBC
On Mark Cuban's final 'Shark Tank' episode, he offered $125,000 to a Texas restaurant chain: 'I definitely love it'
After more than a decade, Mark Cuban has departed from ABC's "Shark Tank." His final televised investment on the show: a six-figure offer for 10% of a restaurant dedicated entirely to deviled eggs. Deviled Egg Co., founded in 2017 by former bar and lounge manager Raechel Van Buskirk, began as a side hustle in Omaha, Nebraska. Van Buskirk, the company's CEO, experimented with a variety of off-beat deviled egg flavors, and catered them from her home before teaming up with business partner Alexi Wellman — originally the company's first investor, Van Buskirk says — to launch a food trailer in 2020. Today, the business is a full-fledged restaurant — with two sit-down locations and one grab-and-go storefront, all near the Dallas metropolitan area — featuring deviled egg flavors like crab rangoon, cheeseburger and chicken quesadilla. Deviled Egg Co. also ships a 36-egg kit, called the "Shark Tank Special," to further-flung customers. Deviled Egg Co. brought in just under $1.3 million in annual revenue 2024, and was profitable, says Van Buskirk. On the TV show, she and Wellman asked a panel of investor judges for $150,000 in investment funds, in exchange for a 5% equity stake in their company. "We do plan to use part of [the investment] to open two more grab-and-go models," Van Buskirk said on the show. "We have people that want to franchise already," added Wellman, now the company's CFO and COO. After starting with their food trailer, the duo launched their restaurant location in Omaha in 2021. They expanded to Texas in 2023: Van Buskirk had family in the area, and after being diagnosed with breast cancer in December 2022, she wanted to be closer to her loved ones, she says. She's currently in full remission, she adds. She and Wellman closed their Omaha location in December. The "Shark Tank" judges enjoyed their sample deviled eggs, with Daymond John saying, "This is probably the best thing I've ever eaten in 16 years on this stage." But he ultimately declined to offer Deviled Egg Co. an investment, saying he'd rather be a customer than a co-owner. Lori Greiner agreed, and similarly declined to extend an offer. Barbara Corcoran said she saw potential. She offered $150,000 for 15%, saying that's the same equity stake she has in other "Shark Tank" food companies like Cousins Maine Lobster and Crispy Cones. Kevin O'Leary made a competing offer, $150,000 for 20% of Deviled Egg Co. That's when Cuban offered to go in on a deal with Corcoran: $250,000 for 20%, with both figures split evenly between the two investors. "I definitely love it," said Cuban. Corcoran agreed to the partnership, and Wellman and Van Buskirk immediately accepted the offer. "I cannot wait to make them so much money," Van Buskirk said. (Post-taping, the deal has yet to be confirmed, with negotiations still in progress, Van Buskirk now says.) The offer marked a bittersweet end to Cuban's run on the show. The billionaire investor tearfully reminisced on the days when he too hoped to find investors who believed in him. He now plans to spend more time with his family, and devote more of his work focus to his online pharmacy startup Cost Plus Drugs. "What I'd like to say is thanks [to] everybody who took a chance on me, all the entrepreneurs who said yes to me — who knows how many millionaires we've created — and their employees. How many people we've inspired," Cuban said on the show. "I'm proud of what we've done." ,
Yahoo
09-05-2025
- Business
- Yahoo
Food truck that appeared on Shark Tank hopes to expand to Nixa
NIXA, Mo. – A seafood brand that made waves on the Shark Tank is rolling into the Ozarks this summer looking for franchisees. Cousins Maine Lobster, which began as a single food truck and gained national fame after landing a deal with investor Barbara Corcoran on the hit TV show, wants to expand to Nixa. A Cousins Maine Lobster food truck will be in Nixa on Saturday, May 24 at 4 By 4 Brewing. According to its online menu, the chain offers just a few signature items like lobster rolls, clam chowder, and a lobster tail with tater tots. Founded in 2012 by cousins Jim Tselikis and Sabin Lomac, the company built its reputation on serving wild-caught Maine lobster rolls from a food truck. Their pitch on Shark Tank not only won over Corcoran, but also helped propel the brand into the national spotlight. Since that appearance, Cousins Maine Lobster has grown into a franchise with 85 units operating in more than 35 states. Nixa is one of the latest targets in the company's national expansion strategy. By focusing on smaller cities, the brand hopes to introduce its Northeast-style seafood to areas where high-quality lobster is hard to find. 'We're excited to bring our lobster rolls and seafood experience to Nixa,' said Lindsay Herberger, the company's Director of Franchise Development. 'Our food trucks let us connect directly with communities and bring a taste of Maine to places that might not otherwise have access.' The company plans to open 30 new locations this year and has signed more than 30 development agreements nationwide. No specific launch date has been announced for the Nixa debut, but the company says it's actively seeking franchise partners to help drive the local rollout. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
