To open your own International House of Pancakes (IHOP) restaurant, you must meet the financial requirements and pass a training program. 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. Join the IHOP franchise family.
Full Answer
How much does it cost to open IHOP franchise in California?
Founded in 1958 by brothers Al and Jerry Lapin, the iconic breakfast restaurant first opened in Toluca Lake, California. To open your own International House of Pancakes (IHOP) restaurant, you must meet the financial requirements and pass a training program. The total investment ranges from $639,000 to $2,834,000.
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 the menu like at IHOP?
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.
Is IHOP owned by DineEquity?
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.
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How much does it cost to open a 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.
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.
Is IHOP profitable?
Well-known casual dining chain International House of Pancakes (IHOP) generated approximately 3.12 billion U.S. dollars in sales from its restaurants in the United States in 2021.
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...
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.
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.
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.
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.
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.
Which franchise is the cheapest to own?
12 best low-cost franchises for aspiring business ownersCruise Planners. Franchise fee: $10,995. ... Fit4Mom. Franchise fee: $5,495 to $10,495. ... Chem-Dry. Franchise fee: $23,500. ... Jazzercise. Franchise fee: $1,250. ... Stratus Building Solutions. ... SuperGlass Windshield Repair. ... Mosquito Squad. ... Pillar to Post Home Inspectors.More items...•
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.
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.
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 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 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 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.
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 is the exclusive territory for Once Upon a Child?
The Exclusive Territory should cover a population of at least 75,000 to 100,000 in metropolitan areas, while it’s 50,000 for other locations. With all of these in mind, the franchisor will not approve another franchise to operate within the Exclusive Territory.
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 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.
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.
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.
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 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...
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.
Already an experienced restauranteur?
If you have the background and financial ability to get started now – and the desire to grow with an American Icon – please visit our franchise request page. We're offering exclusive territories for franchise development throughout the United States, select International markets and non-traditional venues.
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.
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 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.
How long is a capstone workshop?
A two-day capstone workshop held in major markets across the U.S.
How long is the e-learning program?
The training is broken into two parts: 1 A six-week program approximately 45 to 50 hours per week 2 A two-day capstone workshop held in major markets across the U.S.
