Cousins Maine Lobster

Shark Tank founder · Season 4

Jim Tselikis

Co-founder of Cousins Maine Lobster

On the show
S4 · Ep 6
Result
Deal · $55K
Company today
Still in business

Who is Jim Tselikis?

Jim Tselikis grew up in Cape Elizabeth, Maine, around lobster boats and family lobster bakes. He attended the College of the Holy Cross and worked in Boston selling orthopedic medical devices. In 2011, on a visit to Los Angeles, he and his cousin Sabin Lomac got talking about the Maine food they grew up on and decided to bring lobster rolls to LA's food truck scene. They launched their first truck on April 27, 2012, keeping their day jobs at first, and pitched on Shark Tank three months later.

Barbara Corcoran invested $55,000 and pushed them toward franchising. Tselikis focused on production, fulfillment and logistics as the company expanded from four Southern California trucks in 2014 to franchised trucks in more than a dozen states, with its first restaurant opening in West Hollywood in 2015. The cousins hosted Food Network's Food Truck Rehab, which premiered in 2021. Cousins Maine Lobster has grown to about 100 trucks and restaurants nationwide, and in September 2026 the cousins published Life and Lobster, a book about building the business.

Sources (4)
  1. totalfood.com/cousins-maine-lobster-jim-tselikis-sabin-lomac/
  2. en.wikipedia.org/wiki/Cousins_Maine_Lobster
  3. simonandschuster.com/books/Life-and-Lobster/Jim-Tselikis/9781637749784
  4. restaurantbusinessonline.com/food/how-2-cousins-maine-turned-rest-country-lob…

Written from published interviews, company announcements and news coverage. How we research · Suggest a correction

The Shark Tank deal

Video: Cousins Maine Lobster Founder Reacts to His Shark Tank Pitch! | Back To The Tank | Shark Tank Global · Shark Tank Global on YouTube

Jim Tselikis and Sabin Lomac from Los Angeles, CA pitched Cousins Maine Lobster in Shark Tank Season 4, Episode 6 (aired Oct 19, 2012). They asked for $55,000 in exchange for 5% equity, valuing the business at $1.1M. The entrepreneurs walked away with a deal from Barbara Corcoran: $55,000 for 15%. That put the final valuation at $366.7K, 67% below what they originally asked for.

✅ The on-air deal closed after due diligence.

Cousins Maine Lobster update, prices & reviews →

Frequently asked questions

What is Jim Tselikis doing now?

He continues to run Cousins Maine Lobster with Sabin Lomac as the franchise expands, and in September 2026 the two published the book Life and Lobster.

How much did Barbara Corcoran invest in Cousins Maine Lobster?

She invested $55,000 in 2012 and encouraged the cousins to franchise.

What did Jim Tselikis do before Cousins Maine Lobster?

He worked in Boston selling medical devices for the orthopedic industry.

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