Question 1

Does Flip Flop Shops franchise offer exclusive territory?

Accepted Answer

Flip Flop Shops offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Flip Flop Shops franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Flip Flop Shops is 8 years. Franchisees may renew up to 2 times for 5-year periods. The total potential term is 18 years.

Question 3

What is the non-compete clause for Flip Flop Shops franchise?

Accepted Answer

The Flip Flop Shops franchise non-compete clause extends for 2 years within a 15-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Flip Flop Shops franchise?

Accepted Answer

Yes, Flip Flop Shops allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $15,000 applies.