IHOP describes itself as the dining area of America. Additionally it is acclaimed as the country’s largest private employer. With half a century 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 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 all around 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 over 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 by the franchise owners that are trained according to the restaurant regulations and rules. IHOP is recognized for its moderately priced, good quality foods and beverages which are served within an elegant atmosphere.
To its customers’ delight, IHOP offers the option of making changes for their favorite items to be able to support 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 from the franchises, qualified staff as well as the ambitious vendors; all account for ihop menu with prices in the recent past. With 50 years of expertise in serving food to guests, IHOP staff knows work ethics and food serving etiquettes to the ‘T’. It does not matter if the one visiting the restaurant is really a celebrity or a common person; the kind of hospitality demonstrated to both is the same. IHOP common stock shows up and traded on New York 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 such as 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 obtain 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 in between $2. million and $3.5 million. It is mandatory to possess a unit scale 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 several other things like the freeway traffic and density of retail stores or offices into account while opening the franchise with a 3rd party.
When looking to begin any company 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 essential to use a full comprehension of the volume of investment, startup cost and “ROI” (Return on your investment).
Did you know that 80% of all the franchise endeavors fail within the initial two to five-years leaving large debts looming for a long time thereafter?