How much does an IHOP franchise cost?
- Initial Franchise Fee: $50,000
- Total Investment: $1,150,066 to $6,037,673
- Working Capital: $26,500 to $145,250
- Royalty Fee: 4.5%
Full Answer
What is an IHOP franchise?
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.
Are there any IHOP restaurants in Canada?
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. Franchise Gator offers many other restaurant franchises for sale in our comprehensive directory.
When was the first IHOP opened?
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.
What is IHOP Express?
IHOP, the chain known for coffee-pouring waitresses and high stacks of pancakes, on Thursday will open an IHOP Express in a tourist-heavy San Diego location where you buy your meal at the counter and pour your own refills, and the waitresses are replaced by runners. The location � its first expre... How much does a IHOP Franchise owner make?
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How much does a franchise for IHOP cost?
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 does an IHOP franchise make per year?
When you go to sell an IHOP franchise based on the median multiple of . 59 and AUV in 2021 of $1,808,690, it would sell for $1,067,127.
Does IHOP sell franchises?
Franchise Description: The franchisor is IHOP Franchisor LLC. The parent company is Dine Brands Global, Inc. The franchisor offers 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.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Is IHOP a good 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.
How much does a Subway owner make per year?
The profit margin of the Subway franchise stores is only about 7.5% of annual sales, which is approximately US $31,000.
How much does a Denny's franchise cost?
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. Denny's brings in more than $2.4 billion in sales systemwide.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
How much is 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.
How much does a Denny's franchise cost?
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. Denny's brings in more than $2.4 billion in sales systemwide.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
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.
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.
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!
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.
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%.
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.
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.
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.
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.
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.
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?
How much does it cost to open a IHOP Franchise? The estimated investment required to open a IHOP Franchise is between $414,866-$3,374,043. There is an initial franchise fee of $40,000-$50,000 which grants you the license to run a business under the IHOP name.
Is IHOP coming to Costa Rica?
IHOP Is Coming to Town: Franchise Seeks Partners in Costa Rica#N#This week, the U.S. company DineEquity announced plans to open at least 10 International House of Pancakes (IHOP) brand restaurants in Costa Rica as part of its growth plan in Lat...
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.
Who owns IHOP?
It is breakfast focused full service family restaurant that has been in operation for almost 60 years. It is owned by DineEquity.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 1696 franchised IHOP locations in the USA.
When did they begin franchising?
They began franchising in 1958. The average Breakfast franchise began franchising in 1974.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Is IHOP a franchise?
IHOP is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!