Questions about the Flippo’s Family Activity Franchise?
Find the answers here.
With our guidance and documentation, the Flippo’s business model is designed to be easy to learn and operate, no matter your business background. We seek franchise owners who have general knowledge of how to manage people and business, basic accounting, communication and organizational skills. The most important qualification for a franchise owner to possess, in addition to financial qualification, is the enthusiasm and motivation to further the brand by way of Flippo’s exclusive business model. Flippo’s will provide the training, tools, and resources you need to open your family activity franchise and operate it effectively.
The Flippo’s team will provide initial and ongoing business management training beginning with up to three people (franchise owner, site manager, kitchen manager) at Flippo’s headquarters location for up to 7 days. Further, franchise owners will benefit from site visits (five days initially), assistance with inventory and vendor relationships, and access to the Flippo’s proprietary comprehensive confidential operations manual to assist in everyday operations.
The total initial investment necessary to begin operations ranges from $937,000 to $1,665,000 for a single start-up location. This includes a $40,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
We do not provide direct financing to franchisees, but we may refer to financing sources on a case by case basis.
We charge a royalty fee equal to 6% of weekly gross sales. These fees allow us to fund our ongoing support services and the continued development of products and supply channels, marketing tools, training programs, recipe and system updates and technology upgrades.
Franchise owners will contribute up to 3% of net sales into the brand development fund, as well as 2% of net sales monthly after the initial launch marketing period ends on local marketing and promotions in their territory. Collected funds will be used to develop marketing strategies to promote the Flippo’s brand and cover the creative costs to develop local marketing materials and campaigns.
The initial term of your agreement is ten years, with two subsequent successor agreement options of five years each.
If you’re interested in learning more about how to open a family activity franchise with Flippo’s, contact us at 844.354.7767 or [email protected]. We’ll discuss the possibility of setting up a meeting, speaking with our key management staff, and receiving our FDD (Franchise Disclosure Document) which contains all the important details you’ll need to make an informed decision.