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 providing well-made meals, snacks and beverages to its customers. Its country-continental menu combination is a delight and many families gather at ihop pancakes 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 with this sole aim. With informed core values like integrity, excellence, innovation, accountability, trust, inclusion and community, the founders Al and Jerry Lapin along with several 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 in the IHOP restaurants are operated by the franchise owners who definitely are trained according to the restaurant regulations. IHOP is recognized for its moderately priced, top quality foods and beverages which can be served inside an elegant atmosphere.
To its customers’ delight, IHOP offers a choice of making changes with their favorite items in order to keep the taste while sticking to the calorie count they may be conscientious about. IHOP offers 14 kinds of dishes such as omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity of the franchises, qualified staff and also the ambitious vendors; all make up ihop catering menu in the recent past. With fifty years of expertise in serving food to guests, IHOP staff knows work ethics and food serving etiquettes towards the ‘T’. It does not matter in the event the one going to the restaurant is a celebrity or perhaps a common person; the kind of hospitality demonstrated to both is identical. IHOP common stock is listed and traded on New York Stock Exchange beneath the symbol ‘IHP’.
IHOP is highly 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 including Airports, Cas.ino Clubs and Universities are their parts of expansion too.
The minimum financial requirements, to have a franchise, are holding a value of $ 1.5 million and liquid assets worth of $ 500,000. One also needs to pay $50,000 towards the franchise fees, the total estimated investment would fall in between $2. million and $3.5 million. It really is mandatory to have a unit size of around 5,000 sq. ft with the availability drbwmw seating space for 185 people. It is also mandatory to pick a spot 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 retail shops or offices into consideration while opening the franchise with a third party.
When looking to begin any organization it is important, particularly considering today’s market, that you simply search for specific approaches to cut minimize or reduce overhead and risk. Any company is going to have risk, but it is essential to use a full comprehension of the quantity of investment, startup cost and “ROI” (Return).
Did you know that 80% of all the franchise endeavors fail inside the first two to five-years leaving large debts looming for years thereafter?