Full Answer
How much does it cost to open an IHOP franchise?
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.
How much money does a busboy make at IHOP?
How much does a Busboy at IHOP make? The typical IHOP Busboy salary is $9 per hour. Busboy salaries at IHOP can range from $8 - $10 per hour. This estimate is based upon 4 IHOP Busboy salary report (s) provided by employees or estimated based upon statistical methods. When factoring in bonuses and additional compensation, a Busboy at IHOP can ...
Is IHOP a local restaurant?
Moore said that as a local restaurant, IHOP should have been welcome. "I'm probably as local as you can get since I live just down the street," Moore said. "I sometimes think they see the IHOP and they don't think of me as a locally owned chain." "I don't think anybody thinks that," Cooper said. "Obviously, the IHOP is a locally owned restaurant."
Is IHOP really closing?
IHOPs across the country are closing, and part of that is because the company is only slowly coming to terms with how the industry has changed. Here are all the obstacles facing what used to be one of America's most popular diners. IHOP's woes are, to some degree, common across the entire casual dining sector .
See more
Is IHOP a chain or franchise?
hɒp/ EYE-hop; acronym for International House of Pancakes) is an American multinational pancake house restaurant chain that specializes in American breakfast foods. It is owned by Dine Brands Global—a company formed after IHOP's purchase of Applebee's, with 99% of the restaurants run by independent franchisees.
Are IHOP a franchise?
IHOP restaurants are franchised and operated by International House of Pancakes, LLC, based in Glendale, California.
How much does it cost to franchise IHOP?
How much does IHOP franchise cost? IHOP has the franchise fee of up to $40,000, with total initial investment range of $90,000 to $200,000.
How much do IHOP franchise owners make?
The salary for Business Owner at IHOP is $30,000 annually.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How profitable is an IHOP?
2021 IHOP Average Unit Volume: $1,808,690 Based on the AUV for IHOP's franchise locations, at an average of a 15% profit margin it will take around 13 years to recoup your investment. This is longer than other franchise opportunities.
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
What is the royalty fee for IHOP?
4.5%$6,089,550Type of FeeAmountRoyalty4.5% of total gross sales.National Advertising Fee3.5% of total gross sales.Local Advertising FeeThere is currently no required local advertising fee.Cooperative AdvertisingVaries depending on the franchisee's decision to participate.18 more rows
Can you franchise a Cracker Barrel?
Do you franchise stores? No. All of our stores are company owned and operated.
How profitable is owning a franchise?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How much does a KFC franchise owner make?
Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.
How much does it cost to franchise a Denny's?
Denny's Franchise Cost / Initial Investment / Denny's Franchise Income. The initial franchise fee for Denny's is $35,000 for one restaurant, $30,000 for 2, $25,000 for 3, and $20,000 for 4 or more. The estimated total investment to open and operate a Denny's franchise ranges from $1.2 million to $2.6 million.
When did IHOP start franchising?
About IHOPFranchise Details:Founded:1958Franchising Since:Corporate Office:450 N. Brand Blvd. Glendale, CA 91203Industries:Food, Restaurant, American Food
Is Denny's a franchise?
Founded originally as Danny's Donuts in Lakewood, California, in 1953, the company changed its named to Denny's after going public. Since then, the franchise has grown to over 1,600 restaurants around the world, leading to the success of countless franchise owners in its system.
How many IHOP franchises are there in the US?
There are 1,676 IHOP stores in the United States as of October 12, 2022. The state with the most number of IHOP locations in the US is California, with 221 stores, which is about 13% of all IHOP stores in the US.
How much does it cost to franchise a Denny's?
Denny's Franchise Cost / Initial Investment / Denny's Franchise Income. The initial franchise fee for Denny's is $35,000 for one restaurant, $30,000 for 2, $25,000 for 3, and $20,000 for 4 or more. The estimated total investment to open and operate a Denny's franchise ranges from $1.2 million to $2.6 million.
Who operates IHOP restaurants?
More than 99 percent of IHOP restaurants are operated by franchisees, who are independent business people. It's preferred if you are experienced in restaurant management and operation.
When was IHOP opened?
Founded by brothers Al and Jerry Lapin in 1958 the first IHOP restaurant opened in Toluca Lake, CA. The International House of Pancakes began offering franchises in 1960. In 1963, the company acquired numerous franchised brands, including Orange Julius, Golden Cup Coffee Shops, The Original House of Pies, and others.
How long has IHOP been serving pancakes?
For 61 years , the IHOP food franchise has served world-famous pancakes and a large menu of items 24-hours a day. Breakfast, lunch and dinner is offered at an affordable price in a casual environment with warm and friendly service.
What is the IHOP Academy?
IHOP provides an initial training program, called IHOP Academy, for new franchisees. Trainees must pass online and practical tests which include observation and testing of on-the-job performance to demonstrate knowledge and skill level to advance from the Restaurant training program to the management training program, and to graduate from management training.
How much does it cost to open an IHOP?
The total investment ranges from $639,000 to $2,834,000. Prospects must have a minimum financial net worth of $1.5 million and $500,000 in liquid assets.
What states are open for IHOP?
Open IHOP in any of these available states: AL, CO, GA, IL, IN, KS, LA, MS, MO, NE, NJ, NY, OH, OR, SD, WI, WY, DC.
Is IHOP open for breakfast?
IHOP restaurants is best known for their delectable pancakes, omelets and other breakfast items. However, they are open throughout the day and evening.
What is the IHOP franchise?
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.
Who owns IHOP restaurants?
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.
How many IHOP restaurants are there worldwide?
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.
When was IHOP founded?
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.
How much does it cost to open an IHOP?
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.
What is the IHOP franchise?
The IHOP restaurant franchise is one of America’s favorites. Its franchise is best known for its award-winning pancake of lunch, dinner and snack items all-day. Everyone knows IHOP, the International House of Pancakes, one of the most recognizable niche brands in the world with it’s moderately priced, high-quality, delicious dishes, ...
What is the ideal candidate for a franchise?
1) Ideal Candidate should be committed to a long term franchise relationship built on trust and respect
What is franchising interest?
Interest in the understated or unpaid amounts due to the franchisor at the highest rate allowed by law plus cost of audit.
When did IHOP start?
The IHOP business started in 1958, and they opened opportunities for franchising two years after. The parent company is Dine Brands Global Inc., while the franchisor is IHOP Franchisor LLC.
What did IHOP do in 2013?
Sometimes, all it takes is to fine-tune your menu design to get more profit. That’s what IHOP did in 2013. The older version had so many texts and didn’t have enough impact. When they changed it, the sales increased by 3.6%.
What is The Real Cost of A Lemonshark Poke Franchise?
However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How much did IHOP raise for Pancake Day?
Free Pancake Day Raised $16 Million for Charity. Back in 2006, IHOP launched the first National Pancake Day. While the pancakes are free, they ask their customers to donate to the Children’s Miracle Network Hospitals or other local charity. This proved to be a success when they raised multi-million dollars!
How long is franchise training?
Franchisee Training. The training for new franchisees is composed of two parts. One is a six-week program where they would train for about 45 – 50 hours per week. The second part is a two-day workshop, typically held in major markets.
What is the IHOP Academy?
Take note that they have their own IHOP Academy, a learning management system. The trainees must successfully pass all the tests, both online and practical.
Can IHOP franchisees operate another restaurant?
If the franchisee is compliant with the terms, the franchisor will not operate another IHOP within the exclusive area.
IHOP
For over 57 years, International House of Pancakes, LLC has been a leader, innovator and expert in all things breakfast, any time of day.
About IHOP
For 58 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items as well as meals under 600 calories.
Available Franchise Opportunities
While IHOP is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
