The IHOP restaurant franchise is one of America's favorite chains. IHOP features a moderately priced menu of high-quality food. The IHOP franchise is best known for its award-winning pancakes and breakfast specialties, and also offers a variety of lunch, dinner and snack items all day.
IHOP restaurants are franchised and operated by Glendale, Calif.-based International House of Pancakes, Inc., a wholly owned subsidiary of DineEquity, Inc. There are approximately 1,375 IHOP restaurants located in 49 states, Canada and Mexico.
More than 99 percent of IHOP restaurants are operated by franchisees, who are independent business people. IHOP seeks franchisees who are experienced in restaurant management and operation, and who want to grow with an American icon. The company is offering exclusive territories for franchise development throughout the United States, as well as select international markets and non- traditional venues.
Particular American growth markets include regions of Alabama, Colorado, Georgia, Illinois, Kansas, Mississippi, Missouri, Nebraska, New York, Ohio, Oregon and Wisconsin.
IHOP International House of Pancakes Franchise Opportunities – History
IHOP was founded in 1958 by Al and Jerry Lapin, along with early investors Al and Trudy Kallis. The first IHOP restaurant was opened in the Los Angeles suburb of Toluca Lake, California. In 1960, the company began offering franchises.
In 1963, the company acquired numerous franchised brands, including Orange Julius, Golden Cup Coffee Shops, The Original House of Pies, and others. It was in 1973 that the ‘IHOP’ marketing campaign was first launched, introducing an iconic brand. By 1992, IHOP had 500 restaurants in operation nationwide, and 1,000 by 1999. Today, more than 1,500 IHOP restaurants are in operation worldwide.
IHOP International House of Pancakes Franchise Cost / Initial Investment /IHOP International House of Pancakes Franchise Income
The franchise fee to open an IHOP is $40,000 per restaurant for a multi-unit agreement, $50,000 for a single restaurant agreement. The total estimated investment ranges from $92,000 to $810,000. IHOP annual company-wide revenues exceed $2 billion.
In 2011, IHOP celebrated its sixth National Pancake Day, which in six years has raised more than $8 million in support of communities in which the restaurant chain does business.
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Jeter Rickey 11 May 2020 21:13
I come from a family of 6. My family all have gone to be with the Lord except for my blind brother and it is time . I am so Greatful IHOP has decisied to help me aqurie my first IHOP business. What a company and what a story!
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Melesko Eddie 5 August 2021 19:29
Be4 I hop I was sucking dick for coke thank God for the flap jacks and the Jon's now I don't have to suck dick for coke now I can flip flap jacks n not get flipped over thanks I hope
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