IHOP describes itself as the dining room of America. It is additionally acclaimed as the country’s largest private employer. With half a century of heritage, IHOP has made a name for itself by offering well-made meals, snacks and beverages to its customers. Its country-continental menu combination is a delight and several families gather at ihop hours restaurants in the morning, brunch and dinner. Its menu offerings are quaintly named, ‘Hearty Omelettes’, ‘World Famous Pancake Combos’ and ‘Signature Soups’ to mention a few. IHOP is run by International House of Pancakes, a Glendale based wholly-owned subsidiary of DineEquity, Inc.
IHOP started opening franchises all around the nation using this sole aim. With informed core values including 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.
At the time of September 2010, there are nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent of the IHOP restaurants are operated from the franchise owners who definitely are trained based on the restaurant rules and regulations. IHOP is recognized for its moderately priced, good quality foods and beverages that are served within an elegant atmosphere.
To its customers’ delight, IHOP offers a choice of making changes with their favorite items so as to support the taste while sticking with the calorie count they are 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 the ambitious vendors; all make up ihop menu not too long ago. With 50 years of experience 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 going to the restaurant is a celebrity or perhaps a common person; the type of hospitality proven to both is the same. IHOP common stock is listed and traded on Ny Stock Exchange under the symbol ‘IHP’.
IHOP is highly concentrating on the domestic growth markets including Nebraska, St. Louis and Kansas City. International growth markets such as Canada, Caribbean and Central America; and non-technical growth markets like Airports, Cas.ino Clubs and Universities are their areas 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 must also pay $50,000 towards the franchise fees, the total estimated investment would fall between $2. million and $3.5 million. It really is mandatory to get a unit scale of around 5,000 sq. ft using 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 retailers or offices under consideration while opening the franchise with a 3rd party.
When looking to begin any business it is necessary, particularly considering today’s market, that you simply look for specific approaches to cut minimize or reduce overhead and risk. Any business may have risk, but you should use a full comprehension of the volume of investment, startup cost and “ROI” (Return on Investment).
Did you know that 80% of franchise endeavors fail within the first two to five years leaving large debts looming for years thereafter?