Flip Flop Shops
#285

Initial Investment

LOW: $174,300
HIGH: $279,500

Change in Units

-10.3% -9 UNITS (1 Year)
+3.4% +3 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

2004

Franchising Since

2007 (9 Years)

Corporate Address

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

CEO

Darin Kraetsch

About Flip Flop Shops

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.

Financials

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

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

Franchise 500® Rank History

Highest Rank: 227

Lowest Rank: 415

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 3 days

Additional Training: At Irvine, CA, training store

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 3

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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: May 16th, 2016

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