BK Lobster FDD – Franchise Information, Costs and Fees
Type of Business
The franchisee will one or more BK Lobster Seafood Bars.
BK Lobster Franchise Systems Inc. is a New York corporation incorporated in November, 2020. Their principal business address is 11040 Pembroke Road, Miramar, Florida 30025. They have offered and sold franchises for BK Lobster Businesses since February, 2021.
The total investment necessary to begin operation of a BK Lobster Seafood Bar is from $160,620 to $251,300 (not including real property), including $25,000 that must be paid to the franchisor or its affiliate.
If you enter into an Area Development Agreement to develop four (4) BK Lobster Seafood Bars, you will pay a Development Fee equal to $15,000 for the first BK Lobster Seafood Bar, $15,000 for the second BK Lobster Seafood Bar; fifty percent (50%) of the Initial Franchise Fee (i.e., $12,500) for the third BK Lobster Seafood Bar; and fifty percent of the Initial Franchise Fee (i.e., $12,500) for the fourth BK Lobster Seafood Bar. The total investment necessary is from $33,000 to $65,000 (plus the total investment necessary to begin operation of each BK Lobster Seafood Bar). This includes $30,000 to $55,000 that must be paid to the franchisor or its affiliate.