Franchimp Summary Rating
Lower than 45% of peers
Higher than 88% of peers
Franchise Summary
Description
We offer several different franchise programs for full-service Restaurants which feature "IHOP"pancakes as well as a diverse menu of other breakfast, lunch and dinner items.
Company Background
IHOP is a family-oriented, full service restaurant with the aim to serve quality food at an affordable price. With more than 1,700 locations in 50 states and 20 countries IHOP has been around for over 60 years and continues to be a part of the communities it serves. With its signature pancakes as well as a diverse menu of other breakfast, lunch and dinner items IHOP is committed to providing a comforting environment for all ages. We offer several different franchise programs that can work in any community--offering something for everyone from families with young children to retired couples looking for some good company during their retirement years!
Franchise Opportunity
With our affordable franchise opportunities and proven business model, we're looking for passionate people to join us on our mission of making life sweeter. We offer several different franchise programs for full-service Restaurants which feature "IHOP" pancakes as well as a diverse menu of other breakfast, lunch and dinner items. If you have the passion to own your own restaurant or want to be part of an established brand that is growing rapidly in both number and locations, then we would love to speak with you about how IHOP can help achieve your goals!
Corporate Structure
IHOP Franchisor LLC. is a Delaware limited liability company, formed on July 28, 2014. They conduct business under the names “IHOP” and “International House of Pancakes.” Their principal business address is 450 North Brand Boulevard, 7th Floor, Glendale, California 91203.
Franchisee Attrition
This franchise's rate of attrition in 2015
of 1.15%
was
Slightly Lower
than the 5% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of IHOP Franchisees
IHOP Franchise System Development in 2022
FAQ
How much investment do I need to start my own IHOP business?
Franchisees typically require at least $1 to $4 investment to get their IHOP business started
What are the initial franchise fees for IHOP?
Franchisees typically need to pay at least $68 in fees directly to IHOP in order to earn the right to launch their business
How much money can I make with a IHOP franchise? What are
the average revenues for a typical IHOP business?
We haven’t done the math on how much revenue a typical
IHOP brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
IHOP to generate a similar amount
How long do I need to commit to running a IHOP unit? What
is my contractual commitment?
IHOP franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$1,766,072 to $4,375,997
which is
Much Higher
than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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