IHOP describes itself as the dining room of America. It is also acclaimed as the country’s largest private employer. With fifty years of heritage, IHOP has made a name for itself by giving well-made meals, snacks and beverages to its customers. Its country-continental menu combination is a delight and many families gather at ihop hours restaurants for breakfast, brunch and dinner. Its menu offerings are quaintly named, ‘Hearty Omelettes’, ‘World Famous Pancake Combos’ and ‘Signature Soups’ for example. IHOP is run by International House of Pancakes, a Glendale based wholly-owned subsidiary of DineEquity, Inc.
IHOP started opening franchises throughout the nation using this sole aim. With informed core values such as integrity, excellence, innovation, accountability, trust, inclusion and community, the founders Al and Jerry Lapin along with a number of other investors, expanded the chain of restaurants throughout the nation.
Since September 2010, you will find nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent from the IHOP restaurants are operated through the franchise owners who definitely are trained according to the restaurant regulations. IHOP is recognized for its moderately priced, good quality foods and beverages which can be served within an elegant atmosphere.
To the customers’ delight, IHOP offers the choice of making changes to their favorite items so as to keep the taste while adhering to the calorie count they are conscientious about. IHOP offers 14 types of dishes like omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity in the franchises, qualified staff as well as the ambitious vendors; all make up ihop menu prices not too long ago. With half a century of expertise in serving food to guests, IHOP staff knows work ethics and food serving etiquettes to the ‘T’. It makes no difference in the event the one exploring the restaurant is a celebrity or even a common person; the kind of hospitality proven to both is identical. IHOP common stock shows up and traded on Ny Stock Exchange underneath the symbol ‘IHP’.
IHOP is very concentrating on the domestic growth markets including Nebraska, St. Louis and Kansas City. International growth markets like Canada, Caribbean and Central America; and non-technical growth markets such as Airports, Cas.ino Clubs and Universities are their parts of expansion too.
The minimum financial requirements, to obtain a franchise, are holding a net worth of $ 1.5 million and liquid assets amount of $ 500,000. One also needs to pay $50,000 to the franchise fees, the complete estimated investment would fall in between $2. million and $3.5 million. It really is mandatory to possess a unit dimensions of around 5,000 sq. ft with the availability drbwmw seating space for 185 people. Additionally it is mandatory to choose a location with 25,000 to 50,000 per 3 mile population. IHOP also takes a number of other things such as the freeway traffic and density of retailers or offices into consideration while opening the franchise with a 3rd party.
While looking to begin any organization it is necessary, particularly considering today’s market, that you search for specific approaches to cut minimize or reduce overhead and risk. Any company is going to have risk, but it is important to have a full understanding of the amount of investment, startup cost and “ROI” (Return).
Were you aware that 80% of all the franchise endeavors fail inside the first couple of to five-years leaving large debts looming for years thereafter?