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%
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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 much do IHOP franchise owners make?
The salary for Business Owner at IHOP is $30,000 annually.
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.
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.
Do franchise owners set salary?
In some cases, to maintain uniformity or to take advantage of bulk purchasing, a franchisor may recommend its franchisees pay their employees using a particular vetted and approved payroll software. In other situations, franchise owners may have complete freedom to choose whatever payroll method they see fit.
Which franchise owner makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Which food franchise makes the most money?
The Revenue of Fast-Food Chains in America TranscriptRestaurantSales (2017 Total U.S. Sales)Number of U.S. FranchisesStarbucks$13,167,610,00013,930Subway$10,800,000,00025,908Burger King$10,028,320,0007,226Taco Bell$9,790,150,0006,44626 more rows
Who is IHOP's biggest competitor?
ihop.com's top 5 competitors in August 2022 are: dennys.com, crackerbarrel.com, wafflehouse.com, applebees.com, and more.
Do IHOP servers make good tips?
Yes, servers get tips. You make 2.13 an hour and you practically live off of your tips. Most people tips an average of $4. There are a lot of times when it came be more and a lot of times when it can be less.
What is the number one franchise to own?
Top 100 Franchises 2022RankNameCountry1KFCUnited States of America27-ElevenUnited States of America3McDonald'sUnited States of America4Marriott InternationalUnited States of America16 more rows
Do franchise owners make a lot?
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.
Which franchise makes the most money in USA?
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...
How much does IHOP CEO make a year?
Compensation by CompanyName And TitleTotal CompensationJay D. Johns President, IHOP Business UnitTotal Compensation $2,271,912 View detailsVance Chang Chief Financial OfficerTotal Compensation $2,238,004 View detailsJohn Peyton Chief Executive OfficerTotal Compensation $10,838,013 View details5 more rows
How much does 1 chick-fil-a franchise make a year?
In return for 60-hour work-weeks, an operator might take home 5-7% of revenue (around $150-$250k per year). But from an investment perspective, certain things about being a Chick-fil-A franchisee aren't so enticing: They don't own the restaurant or equipment (everything belongs to corporate).
What percentage do franchise owners make?
Franchise royalties range from 4% of your revenue all the way up to 12% or more. The amount has to do with the type of franchise business. For example, a food franchise is a high-volume business. A lot of individual items are purchased by a high-volume of customers.
What is the monthly income of an IHOP server?
$3,145/monthHow much does an IHOP Server make? As of Oct 22, 2022, the average annual pay for an IHOP Server in the United States is $37,749 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.15 an hour. This is the equivalent of $725/week or $3,145/month.
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...
How to contact IHOP franchise?
Contact the IHOP Franchise Development Department by going to the franchise request page and filling out the information. Be sure to review the requirements and open growth market opportunities.
What is the IHOP brand?
As one of the most well-known brands today, IHOP is reenergized and is the talk of the family restaurant industry. In fact, since 2008, IHOP has been ranked ""#1 in Family Dining" by Nation's Restaurant News' annual Top 100 issue. IHOP has proclaimed its vision to create an insurmountable lead by focusing on three primary strategies: 1 Energizing the Brand 2 Operations Excellence 3 Maximizing Franchisee Development
Is IHOP a family restaurant?
As one of the most well-known brands today, IHOP is reenergized and is the talk of the family restaurant industry. In fact, since 2008, IHOP has been ranked ""#1 in Family Dining" by Nation's Restaurant News' annual Top 100 issue.
Does IHOP sell franchises?
IHOP will not sell a franchise unless it has been appropriately registered, excluded or exempted, as required by applicable state law, and the IHOP Franchise Disclosure Document (FDD) has been delivered to the purchaser in compliance with state and federal law.
Is IHOP a franchise?
IHOP is more than a place where breakfast lovers love to have breakfast. It's an American icon, with an over 58-year heritage of giving guests a variety of the breakfast, lunch and dinner favorites they love. And this is one of many reasons why becoming an IHOP franchisee is a wholly unique and exciting experience.
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.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When did they begin franchising?
They began franchising in 1958. The average Breakfast franchise began franchising in 1974.
Is IHOP a franchise?
IHOP is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!
Are there any IHOP franchise opportunities near me?
Based on 2020 FDD data, IHOP has franchise locations in 49 states plus DC. The largest region is the West with 0 franchise locations.
