Franchise Facts Report → brands → Flip Flop Shops
Flip Flop Shops franchise — is it worth it?
Medium risk Significant turnover Item 19 disclosed
Flip Flop Shops is a retail franchise in the footwear sector.
Everything below is free, read straight off Flip Flop Shops's registered filing. Weighing Flip Flop Shops against other options? Get a free shortlist of franchises that fit your budget.
Figures above are as disclosed in Flip Flop Shops's most recent FDD (registered 2024). Source: California Dept. of Financial Protection and Innovation — Franchise Registration · filing app-32041 — check it yourself. See every other California-registered franchise.
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How much does a Flip Flop Shops franchise make?
Flip Flop Shops is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $442,880 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every retail brand that discloses earnings in the Retail franchises with disclosed Item 19 earnings ranking.
Flip Flop Shops franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Flip Flop Shops's 5% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Flip Flop Shops franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Flip Flop Shops franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $442,880 of revenue, a 5% royalty alone is about $22,144 a year before any other cost.
Flip Flop Shops lawsuits & legal history (FDD Item 3)
Flip Flop Shops's most recently filed Franchise Disclosure Document (2024) does disclose legal proceedings in Item 3 . Item 3 is the item where a franchisor must put its material legal history on the record. Two things it is not: it covers the franchisor and its predecessors, parents and affiliates, so a disclosed case is not necessarily a suit against Flip Flop Shops itself; and a disclosure is a fact, not a finding of wrongdoing — most entries are contract disputes with former franchisees, which every large system accumulates. Item 3 of the source FDD describes each case.
Flip Flop Shops closures & failure rate
Before you sign, Flip Flop Shops will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Flip Flop Shops's most recent filing shows, and whether it's normal for a retail of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Flip Flop Shops's latest tables show significant franchisee turnover. Its franchised-outlet closure rate — closures, terminations and non-renewals against outlets — is 23.6%, against a retail median of 4.3% — worse than the category. Net franchised outlets moved -6 to 49 in the latest reported year.
Who owns Flip Flop Shops?
Flip Flop Shops's franchise is offered by Flip Flop Shops, LLC — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2024), and the entity a franchisee actually signs with. That name comes straight off the filing at CA DFPI; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Other retail franchises
Anyone weighing Flip Flop Shops is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Flip Flop Shops franchise — frequently asked
Who owns Flip Flop Shops — who is the franchisor?
Flip Flop Shops's most recently filed FDD (2024) names Flip Flop Shops, LLC as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Flip Flop Shops franchise cost?
Flip Flop Shops's most recently filed FDD (Item 7) puts the total estimated initial investment at a range disclosed in Item 7, with an initial franchise fee of $25,000 and a 5% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote.
How much profit does a Flip Flop Shops franchise make?
Flip Flop Shops discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (5% of gross for Flip Flop Shops), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Flip Flop Shops franchise profit number quoted elsewhere is an estimate. The headline figure Flip Flop Shops discloses is $442,880 in average unit revenue.
Does Flip Flop Shops disclose financial performance (Item 19)?
Yes — Flip Flop Shops reports unit-level earnings in Item 19. The headline figure is $442,880 in average unit revenue, as the franchisor states it.
Are there lawsuits against Flip Flop Shops?
Flip Flop Shops's most recently filed FDD (2024) discloses legal proceedings in Item 3. Item 3 covers the franchisor, its predecessors, parents and affiliates — so a disclosed case is not necessarily a suit against Flip Flop Shops itself, and a disclosure is not a finding of wrongdoing.
Is Flip Flop Shops a good franchise to buy?
Nobody can answer that from Flip Flop Shops's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against retail peers and against your own budget. Our read on this filing is medium risk. Every figure behind that read is on this page for free. If you're comparing options, the free shortlist on this page matches you with 5–10 franchises that fit your budget and industry.
Get a free email when something changes on Flip Flop Shops or retail: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same state registries this page is built on.