Flip Flop Shops
Flip-flops and casual footwear

About
Founded

2004

Franchising Since

2007 (11 Years)

Corporate Address

1815 Old 41 Hwy., #330
Kennesaw, GA 30152

CEO

Darin Kraetsch

Financial Requirements
Initial Investment

$174,300 - $279,500

Net-worth Requirement

$100,000 - $300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

0.5%

Financing Options

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

Veteran Incentives

$2,000 off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Ad Templates

National Media

On-The-Job Training:

3 days

Additional Training:

At Irvine, CA, training store

Absentee Ownership Allowed
Number of Employees Required to Run:

3

Bio
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.
Cost
Initial Investment: Low - $174,300 High - $279,500
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada, Eastern Europe, Middle East, Western Europe
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 10th, 2017
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