IHOP describes itself as the dining room of America. It is also acclaimed as the country’s largest private employer. With 50 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 several families gather at ihop menu prices restaurants in the morning, brunch and dinner. Its menu offerings are quaintly named, ‘Hearty Omelettes’, ‘World Famous Pancake Combos’ and ‘Signature Soups’ to name a few. IHOP is run by International House of Pancakes, a Glendale based wholly-owned subsidiary of DineEquity, Inc.
IHOP started opening franchises all over the nation with this sole aim. With informed core values including integrity, excellence, innovation, accountability, trust, inclusion and community, the founders Al and Jerry Lapin in addition to a few other investors, expanded the chain of restaurants all around the nation.
Since September 2010, there are nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent in the IHOP restaurants are operated from the franchise owners who definitely are trained based on the restaurant regulations and rules. IHOP is recognized 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 so as to retain the taste while sticking to the calorie count they are conscientious about. IHOP offers 14 types 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 50 years of experience in serving food to guests, IHOP staff knows work ethics and food serving etiquettes for the ‘T’. It does not matter in the event the one going to the restaurant is really a celebrity or perhaps a common person; the sort of hospitality proven to both is the same. IHOP common stock shows up and traded on Ny Stock Exchange beneath the symbol ‘IHP’.
IHOP is extremely concentrating on the domestic growth markets such as 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 areas of expansion too.
The minimum financial requirements, to obtain a franchise, are holding a value 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 in the middle $2. million and $3.5 million. It is 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 pick a location with 25,000 to 50,000 per 3 mile population. IHOP also takes a few other things like the freeway traffic and density of retailers or offices into account while opening the franchise with a 3rd party.
When looking to begin any business it is necessary, particularly considering today’s market, that you look for specific methods to cut minimize or reduce overhead and risk. Any company is going to have risk, but it is important 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 many years thereafter?