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Flip Flop Shops

2012 Franchise 500
#297
At a Glance

Products & Services: Flip flops & sandals

Number of Locations: 45

Total Investment: $169.3K - 274.5K

Founded: 2004

Began Franchising: 2007

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 39 4 1 1
2010 20 2 0 1
2009 11 2 0 2
2008 0 0 0 4
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $169,300 - $274,500
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $100,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: At franchisee's location: 3 days. At Irvine, CA, training store : 1 week.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks, National media,

Franchise Ranking History

Franchise 500®: #297 (2012), #415 (2011),
Fastest-Growing: #94 (2012),
Top New: #14 (2012), #41 (2011),

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Entrepreneur Magazine's Entrepreneur of 2012 - Presented by The UPS Store