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 many families gather at ihop near me 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 over the nation with this particular sole aim. With informed core values like 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, there are nearly 1,483 IHOP franchises operating in 50 states. Nearly 99 percent in the IHOP restaurants are operated by the franchise owners who definitely are trained according to the restaurant rules and regulations. IHOP is renowned for its moderately priced, high quality foods and beverages which can be served within an elegant atmosphere.
To the customers’ delight, IHOP offers the choice of making changes with their favorite items in order to keep the taste while adhering to the calorie count these are conscientious about. IHOP offers 14 kinds of dishes including omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity in the franchises, qualified staff and the ambitious vendors; all account for 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 visiting the restaurant is actually a celebrity or a common person; the kind of hospitality demonstrated to both is identical. IHOP common stock is listed and traded on Ny Stock Exchange underneath the symbol ‘IHP’.
IHOP is extremely concentrating on the domestic growth markets such as Nebraska, St. Louis and Kansas City. International growth markets like 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 for the franchise fees, the total estimated investment would fall between $2. million and $3.5 million. It is mandatory to possess a unit dimensions of around 5,000 sq. ft with the availability drbwmw seating space for 185 people. It is also mandatory to select a location with 25,000 to 50,000 per 3 mile population. IHOP also takes a number of other things like the freeway traffic and density of retail stores or offices into account while opening the franchise with a third party.
While looking to begin any company it is important, particularly considering today’s market, which you try to find specific methods to cut minimize or reduce overhead and risk. Any business may have risk, but it is important to possess a full knowledge of the amount of investment, startup cost and “ROI” (Return on your investment).
Are you aware that 80% of all the franchise endeavors fail inside the initial two to 5 years leaving large debts looming for many years thereafter?