Cousins Maine Lobster on Shark Tank

Name: Cousins Maine Lobster
Availability: InStock

Cousins Maine Lobster is a food truck and restaurant business serving Maine-style lobster rolls and other seafood dishes. It targets diners outside New England who want authentic, fresh lobster dishes in a casual setting.

Visit official site ↗ Check price on Amazon

We may earn a commission when you buy through our links. It never affects what we write. How we make money

🖨️ Giving this as a gift? Print the "story behind your gift" card

Price range $50-$375 checked Oct 2026

⏱ Cousins Maine Lobster in 30 seconds

The ask$55K for 5%Valued at $1.1M
In the tankDeal: $55K for 15%With Barbara
After the showDeal closedSurvived due diligence
TodayStill in businessNational food truck and restaurant franchise

Cousins Maine Lobster Shark Tank deal

Asked for: $55,000 for 5%
Asking valuation: $1.1M
Result: Deal
Final deal: $55,000 for 15%
Deal valuation: $366.7K
Shark: Barbara Corcoran
Founders: Jim Tselikis and Sabin Lomac
From: Los Angeles, CA
Aired: Oct 19, 2012

Asked

$1.1M

Got

$366.7K

Shop Cousins Maine Lobster

Popular products from Cousins Maine Lobster, with prices as listed when we checked (October 2026).

Official store ↗Check Amazon

Prices and availability change. Check the retailer for the current price.

Would you have invested in Cousins Maine Lobster?

The pitch

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.

Meet the founders

What happened to Cousins Maine Lobster after Shark Tank?

Still in business Last checked October 3, 2026

Cousins Jim Tselikis and Sabin Lomac had one lobster-roll truck in Los Angeles when Barbara Corcoran invested $55,000 in 2012. With her help they turned to franchising, growing to 26 trucks in 13 states by 2017 and opening their first brick-and-mortar restaurant in West Hollywood in 2015. By early 2024 the brand had about 60 locations. The company has since announced more than $1 billion in systemwide sales, and the founders hosted Food Network's 'Food Truck Rehab.'

✅ The on-air deal closed after due diligence.

Update: National food truck and restaurant franchise

Timeline since the show

2012
Launched first food truck in Los Angeles; Barbara Corcoran invested $55,000 on Shark Tank
2014
Ran four trucks in Southern California and signed 10 franchisees
2015
Opened first restaurant, in West Hollywood
2017
Fleet reached 26 trucks in 13 states
2021-04
Founders' show 'Food Truck Rehab' premiered on Food Network
2024-02
Reached about 60 locations

Sources (5)

📝 Know something we don't? Suggest an update

Reviews of Cousins Maine Lobster

No reviews yet. Have you tried Cousins Maine Lobster? Tell other shoppers what you think.

Frequently asked questions

Did Cousins Maine Lobster get a deal on Shark Tank?

Yes. Cousins Maine Lobster got a deal with Barbara Corcoran for $55,000 and 15% equity.

Which Shark invested in Cousins Maine Lobster?

Barbara Corcoran invested in Cousins Maine Lobster on Season 4 of Shark Tank. Note that some on-air deals change or fall through during due diligence.

Is Cousins Maine Lobster still in business?

As of our last check (October 2026), Cousins Maine Lobster appears to still be in business. Its official website is online, and national food truck and restaurant franchise.

What season and episode was Cousins Maine Lobster on Shark Tank?

Cousins Maine Lobster appeared in Season 4, Episode 6, which first aired on October 19, 2012.

Where can I buy Cousins Maine Lobster?

You can buy Cousins Maine Lobster from its official website and often on Amazon.

What was Cousins Maine Lobster's valuation on Shark Tank?

The founders valued Cousins Maine Lobster at $1,100,000 when they entered the Tank, and the final deal valued it at $366,667.