IHOP
How do I buy my own IHOP Franchise?
Franchisees must actively participate in the day-to-day operation of the licensed restaurant or employ an IHOP trained manager to do so. Franchisees must attend and satisfactorily complete IHOP's Training Program, unless the franchisor agrees to waive this requirement. The total cost to open an IHOP restaurant is$639,000 - $2,834,000. Candidates are asked to have a minimum of $1.5 million net worth and $500,000 in liquid capital.Join the IHOP franchise family.
For 61 years, the IHOP food franchise has served world-famous pancakes and a large menu of items 24-hours a day. Breakfast, lunch and dinner is offered at an affordable price in a casual environment with warm and friendly service.
Learn more about the cost and benefits of opening an IHOP franchise today.
About
The International House of Pancakes (IHOP) is one of the most recognizable restaunt brands in the world. An American icon, IHOP serves yummy breakfast, lunch and dinner food at moderate prices in a comfortable, family-style atmosphere. IHOP restaurants is best known for their delectable pancakes, omelets and other breakfast items. However, they are open throughout the day and evening.
IHOP History
Founded by brothers Al and Jerry Lapin in 1958 the first IHOP restaurant opened in Toluca Lake, CA. The International House of Pancakes began offering franchises in 1960. In 1963, the company acquired numerous franchised brands, including Orange Julius, Golden Cup Coffee Shops, The Original House of Pies, and others. Today, more than 1,700 IHOP restaurants are in operation worldwide and the annual company-wide revenues exceed $2 billion.
Training
IHOP provides an initial training program, called IHOP Academy, for new franchisees. Trainees must pass online and practical tests which include observation and testing of on-the-job performance to demonstrate knowledge and skill level to advance from the Restaurant training program to the management training program, and to graduate from management training.
The training is broken into two parts:
- A six-week program approximately 45 to 50 hours per week
- A two-day capstone workshop held in major markets across the U.S.
The initial training program covers:
- Restaurant operation skills training
- IHOP Brand Standard Operating Practices
- IHOP-approved food safety certification program
- Ongoing training
- Refresher courses
Support
IHOP offers a full range of franchise support including:
- Training
- Site selection assistance
- Restaurant-design-planning assistance
- Restaurant-opening assistance
- Ongoing operations
- Marketing consulting
Ideal Candidates
More than 99 percent of IHOP restaurants are operated by franchisees, who are independent business people. It's preferred if you are experienced in restaurant management and operation.
The company is offering exclusive territories for development in Alabama, Colorado, Georgia, Illinois, Kansas, Mississippi, Missouri, Nebraska, New York, Ohio, Oregon and Wisconsin.
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