Cousins Maine Lobster Shark Tank Update

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DealNow:ThrivingFood & BeverageSeason 4, Episode 6Los Angeles, CAby Jim Tselikis and Sabin LomacWebsite

What Happened to Cousins Maine Lobster After Shark Tank

Is Cousins Maine Lobster still in business? Yes — still in business and thriving.

$20M

annual revenue, per Company reports

  • National food truck franchise
  • $20M+ annual revenue

Last verified Apr 1, 2026.

Get updates on Cousins Maine Lobster

The Cousins Maine Lobster Shark Tank Pitch

Jim Tselikis and Sabin Lomac of Los Angeles, CA pitched Cousins Maine Lobster on Shark Tank Season 4, Episode 6, which aired Friday, October 19, 2012, asking for $55,000 for 5% of the company — a $1.1M valuation.

Barbara Corcoran agreed to invest $55,000 for 15% equity, valuing the company at $366,667. The deal closed after the show.

Watch the Pitch

Pitch Details

Aired
S4E6Oct 19, 2012
Ask
$55,000for 5%
Ask Valuation
$1.1M

Deal Terms

Amount
$55,000
Equity
15%
Valuation
$366,667

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