Lobstah On A Roll

Lobstah On A Roll

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Categories
Food & Bev
Min Investment
$100
Location
Boston, MA
Offering Date
May 30, 2019
Target Raise
$25.00K-$107.00K

Company Description

THE OPPORTUNITY

  • Invest in Lobstah on a Roll's flagship South End location, serving heavily-portioned Lobster Rolls in a fast-casual New England environment.
  • Share in the revenue of a critically acclaimed South End eatery with expansion plans across New England.

Founded in 2017, Lobstah on a Roll opened its first location in the South End. Already known for its neighborhood feel and variety of counter service-style offerings including craft sandwiches and a breakfast menu, the core draw is the eponymous lobster rolls, served in a standard six-inch form and at foot-long increments up to the 60-inch “Monstah”; the larger rolls require advance ordering.

 

Business Performance

  • Over $500k in gross revenue in first year of operations
  • $1,217 Revenue Per Square Foot (More than double the Fast Casual industry standard)
  • 20% Growth Year to Date 2019
  • Second location launched April 2019 in Salem, MA, with more on the way

 

BUSINESS MODEL

  • Fast-Casual Storefront
  • Overstuffed Lobster Rolls, Sandwiches, Chowder and more
  • Catering
  • 6 FOOT Monstah on a Roll
  • Prepared Soups and Sandwiches

 

Q&A with Co-founder Joe Marcus

Tell us about your business: What are you most excited about when people visit? 

“Our business is one of a kind. There is nothing exactly like [our concept] in the country; we focus on our lobster rolls primarily, serving heavy portion sizes of quality crustaceans. The bread is made specifically for us, a soft vessel to keep the lobster in it's place”. “We always hear from our customers that this lobster roll is special; from the bespoke bread to freshly prepped lobster, fixed the way you want (New England or Connecticut style)."

 

Why do you think Lobstah on a Roll will be a huge success?

“We knew Lobstah on a roll was going to be a huge success from the beginning; immediately we started getting accolades in the press. Press aside, customers were giving us ‘thumbs up’ on facebook, great reviews on Yelp and Google, and recommendations on Trip Advisor. We even had some calling into radio stations to spread the good word."

 

What is your favorite menu item? What is your most popular menu item?

“My favorite item is the Charles River Po Boy. Grilled Colossal shrimp, butter lettuce, tomato and house made remoulade... (Trails off in thought)”

 

Do you offer more than just Lobster Rolls?

"Lobstah on a Roll offers craft sandwiches, soups, lobster bisques, and of course Clam Chowdah done right!"

 

Press

 

Use of Proceeds

  • Operating Capital: $50,000
  • Debt Consolidation: $35,000
  • Marketing: $15,580
  • MainVest Compensation: $6,420

Management Team / Advisory Board Bios

Joseph Marcus
CoFounder
Joe's first love is FOOD! The original owner of BIG PAPAS RESTAURANT where the concept for LOBSTAH ON A ROLL was born. Joe Went to college at Arizona State University where he earned a degree in Broadcasting & Journalism. He is a lover of all sports (Boston especially); baseball, basketball, football, hockey, golf, tennis, etc. In his free time, he loves to draw and is an avid historian and WII reenactor.

David Spinney
Cofounder
David has been a Small Business manager since 2006. Loves food and the entrepreneurial lifestyle of small restaurants believing that the key to success is great food and even better customer service!
David graduated from Salem State College (now University of Massachusetts Salem) with a degree in Business Management. In his free time, he is an avid SCUBA diver and motor cross and general sports enthusiast.

Ken Dupree
Head Chef
Ken has an impressive 20+ years of experience in the Restaurant industry. He managed operations for various concepts in Las Vegas (Capital Grille), Georgia, and Massachusetts. A passionate food enthusiast, with emphasis on designing entire menu items. Ken has been married 15 years and is a proud father of two. On top of all that he is a huge fan of all Boston sports teams!
Amount Raised : $29,500
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