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FranchiseVerdict

Penn Station, Inc. vs Cousins Maine Lobster

Franchise Comparison 2026

Both Penn Station, Inc. and Cousins Maine Lobster are full-service restaurants franchises. Penn Station, Inc. requires an investment of $441K – $820K while Cousins Maine Lobster requires $267K – $969K. In terms of revenue, Cousins Maine Lobster reports higher average unit revenue at $891K. Penn Station, Inc. has SBA lending data on file with a 2.0% charge-off rate. FranchiseVerdict rates Penn Station, Inc. A (Strongest tier) and Cousins Maine Lobster F (Weakest tier).

Investment Range
$441K – $820K
$267K – $969K
Franchise Fee
$25K
$40K
Royalty Rate
Tiered monthly royalty on net sales: 0-2% on net sales <$30,000 (0% during 5-yr abatement window, else 2%); 3% on $30,000-$35,000; 4% on $35,000-$40,000; 5% on $40,000-$45,000; 6% on $45,000-$50,000; 7% on $50,000-$55,000; 8% on net sales >$55,000 (monthly tiers, "Current Royalty Rates")
The greater of 6% of Gross Sales or $3,500 per month
Average Revenue (Item 19)
$820K
$891K
SBA Charge-Off Rate
2.0% (50 loans)
Limited data
Total Units
322
4
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1987
2017
FDD Year
N/A
2025