Flip Flop Shops is one of the most interesting franchises in the Franchise Direct stable and seemingly, one of the more progressive retail franchises in business today. They've just launched a new venture that will go to further enhance their standing amongst their franchisees.
Flip Flop Shops has its eye on rapid expansion and in an effort to better leases for its franchisees, it has decided to partner with Podell Real Estate Advisors LLC, a New York City-based retail real estate consulting firm and Friedman Retail Consulting, an Oakland, Calif.-based retail real estate services firm that specializes in tenant representation. While this may read as abstract retail speak to people outside of the retail industry, as Retail Traffic magazine wrote:
"The firms offered Flip Flop Shops a depth of experience in retail site selection and lease negotiations, national reach and, perhaps most importantly, strong relationships with the country’s major retail landlords."
The deal also help Flip Flop Shops to hopefully break out of traditional retail stores and make a footprint in 'theme parks, entertainment centers, cruise ships and airports as well."
A major deal like this is proof of their great ambition as they expand to the next. There are a lot of empty retail spaces around the country, and this unique franchise brand is ready for the next level.