Flip Flop Shops LLC

Flip Flop Shops LLC

Flip-flops and casual footwear
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$211K - $341K
Units as of 2018
57 -34.5% 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

Franchising Overview

Franchising Since
2007 (14 years)
# of employees at HQ
50
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
57 (as of 2018)

Franchisor Information

Corporate Address
7524 Old Auburn Rd.
Citrus Heights, CA 95610

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

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
Additional Training
At Irvine, CA, training store
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?
No
Can this franchise be run part time?
No
# of employees required to run
3
Are exclusive territories available?
Yes

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 by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021