Everyone knows IHOP, the International House of Pancakes, one of the most recognizable niche brands in the world. An American favorite, IHOP restaurants feature moderately priced, high-quality, delicious dishes, and always friendly, attentive table service and comfortable, family-style atmosphere. Though IHOP restaurants are best known for their delectable pancakes, omelets and other breakfast specialties, they are open throughout the day and evening and offer a broad array of lunch, dinner and snack items, too. IHOP restaurants are franchised and operated by International House of Pancakes, LLC, based in Glendale, California.
Full Franchise Information
More than 99 percent of IHOP restaurants are operated by franchisees, who are independent business people. IHOP seeks franchisees who are experienced in restaurant management and operation, and who want to grow with an American icon. The company is offering exclusive territories for franchise development throughout the United States, as well as select international markets and non-traditional venues. Particular American growth markets include regions of Alabama, Colorado, Georgia, Illinois, Kansas, Mississippi, Missouri, Nebraska, New York, Ohio, Oregon and Wisconsin.
IHOP International House of Pancakes Franchise Opportunities – History
IHOP was founded in 1958 by Al and Jerry Lapin, along with early investors Al and Trudy Kallis. The first IHOP restaurant was opened in the Los Angeles suburb of Toluca Lake, California. In 1960, the company began offering franchises. In 1963, the company acquired numerous franchised brands, including Orange Julius, Golden Cup Coffee Shops, The Original House of Pies, and others. It was in 1973 that the ‘IHOP’ marketing campaign was first launched, introducing an iconic brand. By 1992, IHOP had 500 restaurants in operation nationwide, and 1,000 by 1999. Today, more than 1,500 IHOP restaurants are in operation worldwide.
IHOP International House of Pancakes Franchise Cost / Initial Investment / IHOP International House of Pancakes Franchise Income
The franchise fee to open an IHOP is $40,000 per restaurant for a multi-unit agreement, $50,000 for a single restaurant agreement. The total estimated investment ranges from $92,000 to $810,000. IHOP annual company-wide revenues exceed $2 billion.
IHOP International House of Pancakes Business Opportunities: Other Information
In 2011, IHOP celebrated its sixth National Pancake Day, which in six years has raised more than $8 million in support of communities in which the restaurant chain does business.