Cousins Maine Lobster Net Worth 2025: From a $55K Deal to a $50M Seafood Empire!
cousins maine lobster Net Worth hits $50M in 2025 after Shark Tank boost and global expansion with Barbara Corcoran’s backing.
In 2025, Cousins Maine Lobster isn’t just a food truck success story—it’s a global seafood sensation. What began as a single truck in Los Angeles has transformed into a franchise powerhouse with over 85 units worldwide and annual revenues surpassing $50 million. This remarkable journey started with a modest $55,000 investment from Barbara Corcoran on Shark Tank in 2012. Today, the brand stands as one of the most triumphant ventures to emerge from the show.
The Shark Tank Pitch That Hooked Barbara Corcoran
In Season 4, Episode 6 of Shark Tank, cousins Jim Tselikis and Sabin Lomac sought $55,000 for a 5% stake in their Maine lobster food truck business. While some Sharks were skeptical—Kevin O’Leary famously quipped, “You are very greedy crustaceans, both of you”—Barbara Corcoran saw potential. After negotiations, she secured a deal for 15% equity.
“Barbara, welcome to the family,”
Cousins Maine Lobster Shark Tank Pitch Summary
| Company name | Cousins Maine Lobster |
| Product | Local, fresh, lobster food truck |
| Episode | Season 04 Episode 06 |
| Founders | Jim Tselkis and Sabin Lomac |
| Asked for | $55,000 for 5%Equity |
| Final deal | $55,000 for 15% Equity |
| Shark | Barbara Corcoran |
| Location | Los Angeles, California |
The agreement was finalized post-show, marking the beginning of a fruitful partnership.
Would you have invested in Cousins Maine Lobster during their Shark Tank pitch?
Riding the Wave: Post-Shark Tank Expansion
The Shark Tank exposure catapulted Cousins Maine Lobster into the spotlight. Their website experienced a surge in traffic, and customer demand soared. With Corcoran’s mentorship, the cousins expanded their fleet, introduced new menu items, and ventured into e-commerce, shipping lobster products nationwide.
“Barbara didn’t just invest money—she brought experience, mentorship, and a plan to scale.”
By 2016, the company boasted 20 food trucks across 13 cities and had achieved $20 million in sales. Their growth trajectory continued with international expansions and a robust franchise model.
Cousins Maine Lobster Net Worth 2025
As of 2025, Cousins Maine Lobster operates over 85 units, including food trucks and brick-and-mortar locations, across six countries. The company’s annual revenue exceeds $53 million, with lifetime revenues surpassing $585 million. This positions the brand’s net worth comfortably in the high eight-figure range.
Barbara Corcoran‘s initial $55,000 investment has yielded substantial returns, making it one of her most successful Shark Tank deals.
Steering the Ship: Founders’ Continued Involvement
Jim Tselikis and Sabin Lomac remain at the helm, actively overseeing operations and franchise development. Their hands-on approach ensures the brand maintains its commitment to quality and authenticity. Their journey from a single food truck to a global franchise serves as an inspiration to aspiring entrepreneurs.
What’s Next for Cousins Maine Lobster?
Looking ahead, Cousins Maine Lobster aims to expand its footprint to 100 units by mid-2025 and reach 250 locations within the next five years. The company continues to innovate, introducing new menu items like the Garlic Butter Lobster Roll and enhancing customer experience through technology.
With a solid foundation and a clear vision, Cousins Maine Lobster is poised for continued success in the global seafood market.
FAQs
Is Cousins Maine Lobster still in business in 2025?
Yes, Cousins Maine Lobster is actively operating with over 85 units worldwide and plans for further expansion.
Did Cousins Maine Lobster get a deal on Shark Tank?
Yes, they secured a $55,000 investment from Barbara Corcoran for 15% equity.
Who owns Cousins Maine Lobster now?
The company is still owned and operated by its founders, Jim Tselikis and Sabin Lomac.
Where can I find Cousins Maine Lobster?
They operate food trucks and restaurants across the U.S. and internationally. Locations can be found on their official website.
🔹 TL;DR (Too Long; Didn’t Read)
cousins maine lobster Net Worth reached $50 million in 2025, thanks to Shark Tank success and global expansion with 85+ units worldwide.
