IHOP describes itself as the dining area 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 catering menu restaurants for breakfast, brunch and dinner. Its menu offerings are quaintly named, ‘Hearty Omelettes’, ‘World Famous Pancake Combos’ and ‘Signature Soups’ to mention a few. IHOP is operated 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 like integrity, excellence, innovation, accountability, trust, inclusion and community, the founders Al and Jerry Lapin together with a few other investors, expanded the chain of restaurants all around the nation.
As of September 2010, you can find nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent from the IHOP restaurants are operated through the franchise owners who are trained in accordance with the restaurant rules and regulations. IHOP is renowned for its moderately priced, good quality foods and beverages which can be served in an elegant atmosphere.
To its customers’ delight, IHOP offers a choice of making changes with their favorite items to be able to retain the taste while adhering to the calorie count they may be conscientious about. IHOP offers 14 types of dishes including omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity in the franchises, qualified staff and the ambitious vendors; all make up international house of pancakes 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 if the one visiting the restaurant is really a celebrity or perhaps a common person; the sort of hospitality demonstrated to both is the same. IHOP common stock shows up and traded on New York City Stock Exchange under the symbol ‘IHP’.
IHOP is extremely concentrating on the domestic growth markets like Nebraska, St. Louis and Kansas City. International growth markets including Canada, Caribbean and Central America; and non-technical growth markets including Airports, Cas.ino Clubs and Universities are their regions of expansion too.
The minimum financial requirements, to acquire a franchise, are holding a value of $ 1.5 million and liquid assets worth of $ 500,000. One must also pay $50,000 to the franchise fees, the total estimated investment would fall in between $2. million and $3.5 million. It is actually mandatory to have a unit size of around 5,000 sq. ft using the availability drbwmw seating space for 185 people. Additionally it is mandatory to pick a location with 25,000 to 50,000 per 3 mile population. IHOP also takes a few other things such as the freeway traffic and density of retail stores or offices under consideration while opening the franchise with a 3rd party.
When looking to begin any organization it is necessary, particularly considering today’s market, which you look for specific approaches to cut minimize or reduce overhead and risk. Any business may have risk, but you should use a full understanding of the amount of investment, startup cost and “ROI” (Return on your investment).
Were you aware that 80% of all the franchise endeavors fail within the first couple of to five years leaving large debts looming for years thereafter?