Flip Flop Shops LLC

Flip-flops and casual footwear
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$211K - $341K
Units as of 2018
57 Decrease 34% over 3 years

Company Overview

Sarah Towne and Todd Giatrelis were inspired to open the first Flip Flop Shops store in Boston after Towne struggled to find a pair of comfortable shoes while attending a convention in Las Vegas and wondered why there wasn't store that sold only flip flops. After opening a number of company-owned stores, they teamed with Brian Curin, Darin Kraetsch and Alan Woods, veterans of the franchise industry who had previously worked with brands like Cold Stone Creamery and Moe's Southwest Grill. Franchising began in 2007.

About Flip Flop Shops LLC

Industry Retail
Related Categories Apparel & Accessories
Founded 2004
Leadership Tom Romeo, CEO
Corporate Address 7524 Old Auburn Rd.
Citrus Heights, CA 95610
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 2007 (17 years)
# of employees at HQ 50
Where seeking

This company is offering new franchises in the following US states:

This company is offering new franchises in the following international regions:

# of Units 57 (as of 2018)

Information for Franchisees

Here's what you need to know if you're interested in opening a Flip Flop Shops LLC franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$210,800 - $340,500
Net Worth Requirement Information Circle
$100,000 - $300,000
Cash Requirement Information Circle
$100,000
Veteran Incentives Information Circle
$2,000 off franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Flip Flop Shops LLC has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 43 hours
Ongoing Support
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 3
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Flip Flop Shops LLC landed on this year's Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022