Within the United States: In the United States total project costs to open and operate a single shop can be between US $210,800 and US $340,500 including $35,000 that must be paid to the franchisor as an initial franchise fee. This amount will vary depending upon what type of venue you choose for your location, i.e. mall, floating retail or lifestyle center. The amount will be substantially more if you are considering more than one shop, such as a franchise development agreement.
WHAT ARE THE FEES?
Single and subsequent single shop agreements in the United States: The initial fee for a single shop in the US is US $35,000. The weekly royalty is five percent (5%) of gross sales, which is paid weekly. In addition, one percent (1%) of gross sales is contributed to the Brand Building & Marketing Support Fund on a weekly basis. (see below)
DOES FLIP FLOP SHOPS® PROVIDE FINANCING?
Flip Flop Shops® does not provide financing or derive profits from outside lenders. The company can assist with finding appropriate lenders for individual financing needs.
WHAT IS THE BRAND BUILDING & MARKETING SUPPORT FUND?
This fund provides franchisees with professional visual merchandising and local marketing materials. Fees contributed to the Brand Building & Marketing Support Fund are paid weekly and are currently one percent (1%) of gross sales.
THE FRANCHISE REGISTRY (WWW.FRANCHISEREGISTRY.COM) IS A NATIONAL ONLINE LISTING OF APPROVED FRANCHISE SYSTEMS, LIKE FLIP FLOP SHOPS, WHOSE FRANCHISEES RECEIVE EXPEDITED LOAN PROCESSING WHEN APPLYING FOR FINANCIAL ASSISTANCE FROM THE U.S. SMALL BUSINESS ADMINISTRATION (SBA). BY CENTRALIZING THE REVIEW PROCESS, THE FRANCHISE REGISTRY ALLOWS THE SBA TO MAKE CONSISTENT ELIGIBILITY DECISIONS REGARDING FRANCHISE SYSTEMS, TO CUT RED TAPE IN THE SYSTEM, AND TO SPEED ACCESS TO SBA FINANCIAL ASSISTANCE. SMALL BUSINESS OWNERS GET BETTER SERVICE AND QUICKER LOANS.