the Ten Steps To Becoming A Franchisee

• Candidate completes a franchise application and forwards it to Flip Flop Shops.
• Candidates for whom applications are approved will participate in a phone interview to discuss real estate, product merchandising, marketing, training and initial investment parameters. It is best for a candidate to have a detailed list of questions prepared for this conversation.
• Upon successful completion of the phone interview, Flip Flop Shops^® forwards a Franchise Disclosure Document (FDD) to the candidate. The FDD is a disclosure document that describes Flip Flop Shops^® franchise opportunity, including the Franchisees rights and obligations. Among other items, the FDD also contains a list of existing franchisees within the Flip Flop Shops^® system, financial information pertaining to the company, (the franchisor), and a sample franchise agreement. All prospective franchisees should review the FDD with their business advisors.
• Candidate signs the Acknowledgement of Receipt, (the last two pages of the FDD), and returns a signed copy to Flip Flop Shops^®.
• Candidate Reviews the Franchise Disclosure Document with business advisors.
• Candidate contacts existing franchisees within the Flip Flop Shops^® system to learn more about Flip Flop Shops^® and conduct due diligence.
• Candidate begins to build a preliminary business plan.
• Candidate contacts lenders to discuss requirements and options for financing if needed.
• Candidate contacts business advisors, attorney and/or accountant to discuss requirements and options for forming a corporate entity if one is not already formed. Franchisees can also operate as sole proprietors.
• Candidate and Franchise Development Representative from Flip Flop Shops schedule a Discovery Day at Flip Flop Shops^® World Headquarters in Irvine, CA. During the Discovery Day candidate will meet key management personnel at Flip Flop Shops^® and visit existing retail locations.