
Flips
Flip-flops- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$155K - $225K
- Units as of 2015
-
1
Company Overview
About Flips
Industry | Retail |
---|---|
Related Categories | Apparel & Accessories |
Founded | 2009 |
Leadership | Rudy Simondi, Founder and CEO |
Corporate Address |
1430 Waterford Dr. Minneapolis, MN 55422 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2014 (9 years) |
---|---|
Where seeking |
This company is offering new franchisees in the following US states: |
# of Units | 1 (as of 2015) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Flips 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
|
$35,000 |
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Initial Investment
|
$155,050 - $225,050 |
Royalty Fee
|
5% |
Ad Royalty Fee
|
0.5% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Marketing Support |
Regional Advertising
|
---|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
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No |
# of employees required to run | 2-3 |
Interested in ownership opportunities like Flips? Request a free consultation with a Franchise Advisor now.
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