IHOP describes itself as the dining room of America. It is also acclaimed as the country’s largest private employer. With fifty 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 lots of families gather at ihop breakfast menu 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 operated by International House of Pancakes, a Glendale based wholly-owned subsidiary of DineEquity, Inc.
IHOP started opening franchises throughout the nation with this sole aim. With informed core values such as 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 over the nation.
At the time of September 2010, you can find nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent of the IHOP restaurants are operated through the franchise owners who are trained according to the restaurant rules and regulations. IHOP is recognized for its moderately priced, high quality foods and beverages which can be served inside an elegant atmosphere.
To its customers’ delight, IHOP offers the choice of making changes for their favorite items so as to keep the taste while sticking with the calorie count they are conscientious about. IHOP offers 14 types of dishes like omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity in the franchises, qualified staff as well as the ambitious vendors; all account for ihop catering menu not too long ago. With half a century of expertise in serving food to guests, IHOP staff knows work ethics and food serving etiquettes for the ‘T’. It makes no difference when the one exploring the restaurant is actually a celebrity or even a common person; the type of hospitality shown to both is identical. 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 like Nebraska, St. Louis and Kansas City. International growth markets including Canada, Caribbean and Central America; and non-technical growth markets like Airports, Cas.ino Clubs and Universities are their parts of expansion too.
The minimum financial requirements, to have a franchise, are holding a net worth of $ 1.5 million and liquid assets amount of $ 500,000. One also needs to pay $50,000 to the franchise fees, the total estimated investment would fall in the middle $2. million and $3.5 million. It really is 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 number of other things such as the freeway traffic and density of retail stores or offices into consideration while opening the franchise with a third party.
When looking to start out any business it is crucial, particularly considering today’s market, which you search for specific approaches to cut minimize or reduce overhead and risk. Any company is going to have risk, but you should have a full comprehension of the quantity of investment, startup cost and “ROI” (Return on Investment).
Are you aware that 80% of all the franchise endeavors fail in the initial two to 5 years leaving large debts looming for a long time thereafter?