Question 1

How many Flip Flop Shops franchise locations are there?

Accepted Answer

Flip Flop Shops currently has 47 total units, including 47 franchised locations and 0 company-owned locations.

Question 2

Is the Flip Flop Shops franchise system growing or shrinking?

Accepted Answer

Flip Flop Shops has experienced negative net growth of -4.1% over the past year, with a 3-year compound annual growth rate (CAGR) of -5.7%.

Question 3

What is the franchise vs. company-owned ratio for Flip Flop Shops?

Accepted Answer

Flip Flop Shops has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many Flip Flop Shops franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Flip Flop Shops had 10 units opened and 12 units closed.