In its second-consecutive year on the list, Flip Flop Shops ranked No. 14 in the Top New category on Entrepreneur magazines Franchise 500 list – up 27 spots from 2011 – and No. 94 in the Fastest-Growing category. Overall, it ranked 297 on the top 500 list.
Were super stoked to be recognized as one of the fastest-growing franchise systems in the U.S., said Brian Curin, the President (Size 10) of Flip Flop Shops. Ranking so high on such a prestigious industry list is a huge testament to our amazing group of franchisees and the success of our controlled global expansion. We look forward to the future growth of our brand and promise to continue our World-Wide Free Your Toes Movement.
Since the retailer began franchising in 2008, it has received more
than 9,000 franchise applications, generated nearly $3 million in
franchise fees, and opened more than 50 shops throughout the United
States, Canada, Guam and the Caribbean. With more than 70 shops already
in the development pipeline, the brand is on-track to achieve its
well-managed global expansion strategy, which calls for 236 locations to
open in select markets by 2013.
This ranking validates what weve created-a growing movement to provide the opportunity for anyone, in any climate, to Live Work Play With Their Toes Exposed with the freedom of flip flops on their feet, added Darin Kraetsch, the CEO (Size 10) of Flip Flop Shops. Flip Flops Shops is one of the fastest-growing lifestyle franchises in the world-filling an untapped niche in the retail landscape with a very original and sexy concept. Were pumped to place even higher on such an epic list.
