This is the 2020 Cousins Maine Lobster Franchise Disclosure Document (FDD). It is a PDF document available for immediate download upon purchase.
“As a franchisee, you will operate a mobile food truck serving lobster and other seafood items under ®the name “Cousins Maine Lobster ” ®The total investment necessary to begin operation of a Cousins Maine Lobster food truck is between $187,150 and $492,850. This includes between $88,750 and $118,750 that must be paid to the franchisor and its affiliates. The total investment necessary to begin operation of a Cousins Maine ®Lobster Area Development business will be between $217,150 and $642,850….”
-Cousins Maine Lobster FDD, Aug 2020
What is in the Cousins Maine Lobster 2020 Franchise Disclosure Document (FDD)?
The United States Federal Trade Commission requires all franchisors who sell franchises in the USA to compile an FDD each year which covers 23 key items of disclosure about the franchise opportunity. The FDD is written in a federally mandated format that is standardized for all franchises, must be presented in easily understood language, and typically is 100+ pages in length. This document is required to be given to a prospective franchisee before the franchise agreement is signed or any money changes hands. This document is extremely useful to anyone who is researching the history, inner workings, and other critical information and disclosures about the franchise system.