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Updated RecentlyFlip Flop Shops vs FLIPS Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Flip Flop Shops vs FLIPS including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $185,000 - $275,000 | $155,050 - $191,550 |
| Franchise Fee | $30,000 | $35,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 0.5% | 2% local 0.5% Nat'l |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | 10 years +5+5 |
| Term Of Agreement | - | 10 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | We want you to Flip, not Flop! We are with you every step (no pun intended) of the way.We provide a franchise support system designed to support all of your business needs. Flip Flop Shops is committed to providing a superior level of service to our franchisees. With over 50 years of franchise experience, we have taken the best practices and applied them to Flip Flop Shops. More importantly, we have eliminated common mistakes made by most franchise systems. Flip Flop Shops provides a wide variety of comprehensive resources to help you achieve your professional goals. This includes, but is not limited to: * Branded Business Plan Template * Site Selection & Real Estate Expertise * In-house Design & Construction Consultation * Flip Flop University * Comprehensive Operations Manual * New Store Opening Plan * Local Store Marketing Toolkit * PR & National Brand Building Efforts * Sell-Through Analysis * Seasonal Pre-Book Support * Inventory Turn Analysis * Open-to-Buy Plan * Vendor Relations & Buying Program * Field Support * Genuine Passion to See You Succeed | FLIPS is committed to providing fabulous start-up and ongoing franchise support to every franchise owner. The FLIPS concept is designed to be easy to learn and operate. The systems are in place to help anyone step in and run a flip flop franchise efficiently and effectively. This franchise support for owners includes: Guidance on site selection, the build-out, design, and launch of your flip flop franchise A comprehensive training program held at our corporate support center Specialized inventory and merchandising support A copy of our confidential operations manual Professional marketing and advertising guidance Technology tools including website, social media accounts, security cameras in stores Best of all, there's a lot of expertise to share from the founding team. Together, we bring more than 90 years of management experience with leading national retailers, specializing in fashion merchandising, store operations, sales and marketing, and executing business start-ups. We are thrilled and ready to provide the training and franchise support our owners need. |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Flip Flop Shops
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.