Cousins Maine Lobster, Where to Buy + Shark Tank On-Air Deal (Season 4)

From the show

The Shark Tank pitch

$55K
Asked for: 5%
Offered equity: $1.1M
Sought valuation: $55K
On-air deal amount: 15%
Deal equity: $367K
Implied equity valuation

Jim Tselikis and Sabin Lomac presented Cousins Maine Lobster in Season 4, Episode 6. The episode aired October 19, 2012. The business was listed in Los Angeles, CA.

They came in asking $55,000 in exchange for 5% equity, putting a $1.1M valuation on the business.

Cousins Maine Lobster reached a recorded on-air agreement with Barbara Corcoran for $55,000 and 15% equity. The record lists a $367K implied deal valuation, compared with the $1.1M requested valuation. These are the reported on-air terms, not confirmation that funding was completed.

Season 4 has 103 pitches in the index, including 52 recorded on-air agreements. Across 319 food & drink pitches with known outcomes in the index, 61% are recorded as accepted deals.

Barbara Corcoran$55K

The full story

Everything to know about Cousins Maine Lobster

Cousins Maine Lobster started as a single food truck in Los Angeles serving authentic Maine lobster rolls, lobster bisque, and related seafood far from the East Coast. The company was founded by cousins Jim Tselikis and Sabin Lomac, both Maine natives who wanted to bring the lobster they grew up with to customers across the country in a fast, casual format.

Jim Tselikis and Sabin Lomac asked for 55,000 dollars for 5 percent equity and accepted an on-air offer from Barbara Corcoran of 55,000 dollars for 15 percent. The television terms should be distinguished from the company’s later operating results.

The pitch introduced a food-truck business serving Maine lobster rolls. The company’s later franchise network and seafood shop provide different ways for customers to buy from the brand.

Where Cousins Maine Lobster is now

Cousins Maine Lobster expanded from its original Los Angeles truck into a network of food trucks and restaurants. Its official site offers a location finder, and its separate online shop sells lobster-roll kits and other seafood for delivery.

In a June 26, 2025 company announcement, Cousins Maine Lobster said it had exceeded one billion dollars in cumulative systemwide sales since its founding in 2012. That is a company-reported total across the system over time, not annual revenue or a company valuation.

Cousins Maine Lobster official location finder checked October 6, 2026 · Cousins Maine Lobster official seafood shop and shipping information checked October 6, 2026 · Cousins Maine Lobster company release, June 26, 2025: more than $1 billion in cumulative systemwide sales since 2012

Where to buy Cousins Maine Lobster

Use the official Cousins Maine Lobster location finder to find a nearby truck or restaurant and check its local schedule and menu. For seafood delivered to your home, use the brand’s online shop, which lists lobster-roll kits, lobster meat, live lobsters and other seafood. Check the selected item’s availability and shipping terms before ordering.

Cousins Maine Lobster official location finder checked October 6, 2026 · Cousins Maine Lobster official seafood shop and shipping information checked October 6, 2026

Explore Cousins Maine Lobster

Find a Cousins Maine Lobster truck or restaurant, or check the official seafood shop for delivery options.

Find a truck or restaurant Shop seafood online

Frequently asked questions

Did Cousins Maine Lobster get a deal on Shark Tank?

Cousins Maine Lobster reached a recorded on-air agreement with Barbara Corcoran for $55,000 and 15% equity. The record lists a $367K implied deal valuation, compared with the $1.1M requested valuation. These are the reported on-air terms, not confirmation that funding was completed.

Which shark made an on-air offer to Cousins Maine Lobster?

Barbara Corcoran appears in the recorded on-air terms for Cousins Maine Lobster. The deal answer above gives the recorded structure.

What season of Shark Tank was Cousins Maine Lobster on?

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

How much was Cousins Maine Lobster asking for on Shark Tank?

The founders asked for $55,000 for 5% of the company, a $1.1M valuation.

Is Cousins Maine Lobster still in business?

Yes. The official site provides a location finder for food trucks and restaurants, and the brand has an active online seafood shop. Both buying paths were checked on October 6, 2026.

Which shark invested in Cousins Maine Lobster?

Barbara Corcoran agreed on air to 55,000 dollars for 15 percent equity. A later company release identifies her as an investor.

Where can I buy Cousins Maine Lobster?

Use the official location finder for a truck or restaurant near you, or order seafood for delivery from shop.cousinsmainelobster.com. Local schedules, menus and delivery availability vary.

Shark Tank Index may earn a commission on purchases made through links on this page. Deal figures reflect what aired; terms sometimes change after the show.