Flip Flop Shops
Retail & Consumer Goods · Apparel & Accessories
- Active units
- 47
Franchised, year-end 2024
About Flip Flop Shops
Flip Flop Shops is the ultimate destination for beach, surf, and relaxation footwear. With a mission to bring the beach lifestyle to communities all over North America, they are the premier curator of flip flops and leisure footwear. Offering a wide range of options from over 90 top brands, Flip Flop Shops ensures that you can find the best footwear in the industry all in one convenient location. But their selection doesn't stop at flip flops – they also carry closed-toe footwear, accessories, and apparel to complete your beach-inspired look. What sets Flip Flop Shops apart is their commitment to providing a digital connection to their customers. Partnering with Locally, they offer cutting-edge technology that allows you to see inventory, check for local pick-up or delivery options, all based on your location. This ensures a seamless and convenient shopping experience. Whether you're looking for the perfect pair of flip flops or want to embrace the beach lifestyle, Flip Flop Shops is your go-to destination. Stop by one of their locations and experience a slice of paradise wherever you are.
Key terms
- Footprint
800 – 1,200 sq ft
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing).
Growth
- Total locations47
Franchised units open at year-end
- New openings10
Gross new units opened during the calendar year
- 1-year unit growth rate-4.1%
Net unit growth versus prior year
- 3-year unit CAGR-8.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio10.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment—
Midpoint of estimated initial investment range
- Time to open—
Midpoint of average time from agreement to opening
- Royalty rate—
Percent of net sales paid to the franchisor
- Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 55 of 56 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.