IHOP describes itself as the dining-room of America. Additionally it is acclaimed as the country’s largest private employer. With 50 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 several families gather at ihop prices 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 operated by International House of Pancakes, a Glendale based wholly-owned subsidiary of DineEquity, Inc.
IHOP started opening franchises all over the nation with this particular sole aim. With informed core values such as integrity, excellence, innovation, accountability, trust, inclusion and community, the founders Al and Jerry Lapin together with several other investors, expanded the chain of restaurants all around the nation.
As of September 2010, there are nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent of the IHOP restaurants are operated through the franchise owners who are trained based on the restaurant regulations and rules. IHOP is renowned for its moderately priced, high quality foods and beverages which can be served within an elegant atmosphere.
To the customers’ delight, IHOP offers a choice of making changes with their favorite items in order to keep the taste while adhering to the calorie count they may be conscientious about. IHOP offers 14 varieties of dishes including omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity in the franchises, qualified staff and also the ambitious vendors; all take into account ihop deals not too long ago. With fifty years of expertise in serving food to guests, IHOP staff knows work ethics and food serving etiquettes for the ‘T’. It does not matter if the one exploring the restaurant is actually a celebrity or a common person; the sort of hospitality demonstrated to both is the same. IHOP common stock is listed and traded on New York City Stock Exchange beneath 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 regions of expansion too.
The minimum financial requirements, to have a franchise, are holding a net worth of $ 1.5 million and liquid assets worth of $ 500,000. One also needs to pay $50,000 to the franchise fees, the entire estimated investment would fall between $2. million and $3.5 million. It is actually mandatory to get a unit dimensions of around 5,000 sq. ft with the availability drbwmw seating space for 185 people. It is also mandatory to select a spot with 25,000 to 50,000 per 3 mile population. IHOP also takes a few other such things as the freeway traffic and density of retailers or offices into account 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 try to find specific approaches to cut minimize or reduce overhead and risk. Any organization may have risk, but it is essential to use a full understanding of the amount of investment, startup cost and “ROI” (Return).
Did you know that 80% of franchise endeavors fail inside the first couple of to five years leaving large debts looming for a long time thereafter?