Rank no. 230 – Flip Flop Shops – US
Products & Services: Flip flops & sandals
Number of Locations: 84
Total Investment: $174.3K – 279.5K
Began Franchising: 2007
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.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Eastern Europe, Middle East, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $174,300 – $279,500
Franchise Fee: $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Liquid Cash Available: $100,000
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: At franchisee’s location: 3 days. At Irvine, CA, training store : 1 week.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, National media,
Franchise Ranking History
Franchise 500®: #230 (2013), #297 (2012), #415 (2011),
Fastest-Growing: #94 (2012),
Top New: #14 (2012), #41 (2011),
America’s Top Global: #174 (2013),
Free Your Toes!®
Live, work and play with your toes exposed® and the freedom of flip flops on your feet.
Flip Flop Shops® is the authentic retailer of the hottest brands and latest styles of flip flops and sandals. It’s more than just a shop…it’s a lifestyle.
We love the water and everything about it. Whether it’s surfing at Rincon with friends, or standing at the water’s edge in Tofino while the waves pull the sand out from under your feet and back to the sea…we love it. We ride powder in Canada, bike the backcountry of New Zealand and raft down the Colorado. We love adventure and traveling. We keep up on the latest fashion trends and make up our own. We sometimes go to bed with salty skin and the smell of the ocean after a day of surfing. We take care of our environment and help out our favorite charities. We love music and singing along with our favorite songs.
Our flip flops are an extension of who we are and what we stand for. We live, work and play with our toes exposed® while wearing the freedom of flip flops on our feet.
Source: Flip Flop Shops official website