Question 1

How much does it cost to open a Flip Flop Shops franchise?

Accepted Answer

The total initial investment for a Flip Flop Shops franchise ranges from $183K to $349K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Flip Flop Shops franchise fee?

Accepted Answer

The initial franchise fee for Flip Flop Shops is $30K.

Question 3

What are the net worth requirements for a Flip Flop Shops franchise?

Accepted Answer

Net worth requirements for Flip Flop Shops are specified in the Franchise Disclosure Document.

Question 4

Does Flip Flop Shops require a personal guarantee?

Accepted Answer

Yes, Flip Flop Shops requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Flip Flop Shops franchise?

Accepted Answer

Equipment costs for a Flip Flop Shops franchise range from $15K to $22K. Initial inventory costs range from $80K to $120K.