Cousins Maine Lobster Shark Tank Update

Cousins Maine Lobster Shark Tank Pitch

Jim Tselikis and Sabin Lomac are Maine boys living in California who decided to bring their famous lobster rolls across the country in the sprouting food truck business with their company Cousins Maine Lobster.

Cousins Maine Lobster has made $150k in sales in their first two months through one truck. They want to use the money to buy another food truck. Jim and Sabin claim by being from Maine they are part of the inner circle of the Maine fisheries, giving them better pricing than others.

All the sharks love the lobster rolls but go out one by one due to Jim and Sabin's nature of negotiating. Barbara is the final shark and secures a deal with Cousins Maine Lobster.

Cousins Maine Lobster After Shark Tank

In season 4, episode 14, Jim Tselikis and Sabin Lomac gave an update that Cousins Maine Lobster had opened up a 7000-square-foot distribution facility to ship products across the US. They had done $150k of sales before Shark Tank and reached $700k of total sales in the months since. They received an award from the city for creating jobs. Jim and Sabin were thrilled to work with Barbara, and Barbara was equally delighted.

In season 5, episode 9, Barbara brought 7 of her best Shark Tank companies to her summer home in Fire Island, New York, for a retreat. Barbara announced the release of a Shark Tank book, including advice from all the sharks. Cousins Maine Lobster did $2.5 million in sales in one year.

In season 5, episode 28, we got an update that Cousins Maine Lobster was approaching $3.5 million in total sales. Barbara visited the guys, and they announced that part of their profits would be going to the Big Brothers Big Sisters charity. Later in the episode, Barbara says that one truck does $800k a year. In season 5, episode 29 (the season finally), Cousins Maine Lobster was briefly mentioned in the montage of season updates.

Cousins Maine Lobster got updates in episodes 525, 713, and 107 of Beyond The Tank. Jim and Sabin franchised their food trucks up to 15 and have a brick-and-mortar store, which altogether was bringing $15 million in revenue at the time.

According to a 2022 article

In 2022 Barbara considers Cousins Maine Lobster to be her favorite investment, which she expresses on the @cousinsmainelobster

Barbara, Jim, and Sabin attribute focusing on a family work environment and good employees to the secret to their success. You can find information about Cousins Maine Lobster such as truck locations, retail locations, or even order lobster rolls to be shipped to you at cousinsmainelobster.com