Question 1

Does Cousins Maine Lobster franchise offer exclusive territory?

Accepted Answer

Cousins Maine Lobster offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Cousins Maine Lobster franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Cousins Maine Lobster is 10 years. Franchisees may renew up to 1 time for 5-year periods. The total potential term is 15 years.

Question 3

What is the non-compete clause for Cousins Maine Lobster franchise?

Accepted Answer

The Cousins Maine Lobster franchise non-compete clause extends for 2 years within a 15-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Cousins Maine Lobster franchise?

Accepted Answer

Yes, Cousins Maine Lobster allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $10,000 applies.