IHOP describes itself as the dining area of America. It is also acclaimed as the country’s biggest private employer. With 50 years of heritage, IHOP has made a name for itself by offering well-made meals, snacks and beverages to its buyers. Its country-continental menu mixture is a delight and several households gather at IHOP restaurants for breakfast, brunch and dinner. Its menu offerings are quaintly named, ‘Hearty Omelettes’, ‘World Renowned Pancake Combos’ and ‘Signature Soups’ to name a couple of. IHOP is operated by International Residence of Pancakes, a Glendale primarily based wholly-owned subsidiary of DineEquity, Inc.
IHOP began opening franchises all more than the nation with this sole aim. With informed core values such as integrity, excellence, innovation, accountability, trust, inclusion and neighborhood, the founders Al and Jerry Lapin in conjunction with several other investors, expanded the chain of restaurants all over the nation.
As of September 2010, there are actually nearly 1,483 IHOP franchises operating in 50 states. Practically 99 percent in the IHOP restaurants are operated by the franchise owners who’re educated based on the restaurant rules and regulations. IHOP is known for its moderately priced, higher high quality foods and beverages that are served in an elegant atmosphere.
To its customers’ delight, IHOP offers the alternative of generating modifications to their favourite products so as to retain the taste although sticking towards the calorie count they’re conscientious about. IHOP offers 14 varieties of dishes including omelets, salads, sandwiches, burgers, steaks and chicken.
The uniformity with the franchises, certified staff plus the ambitious vendors; all account for IHOP’s exponential development price in the recent previous. With 50 years of practical experience in serving meals to guests, IHOP staff knows work ethics and food serving etiquettes towards the ‘T’. It will not matter when the one visiting the restaurant is actually a celebrity or perhaps a widespread person; the type of hospitality shown to both will be the exact same. IHOP typical stock is listed and traded on New York Stock Exchange below the symbol ‘IHP’.
IHOP is highly concentrating on the domestic development markets for example Nebraska, St. Louis and Kansas City. International growth markets for instance Canada, Caribbean and Central America; and non-technical development markets including Airports, Casino Clubs and Universities are their locations of expansion as well.
The minimum monetary specifications, to obtain a franchise, are holding a net worth of $ 1.five million and liquid assets worth of $ 500,000. One also requirements to pay $50,000 towards the franchise costs, the total estimated investment would fall in in between $2.0 million and $3.five million. It can be mandatory to possess a unit size of about 5,000 sq. ft with all the availability of seating space for 185 people. It’s also mandatory to pick a place with 25,000 to 50,000 per three mile population. IHOP also requires many other points just like the freeway site visitors and density of retail shops or offices into consideration whilst opening the franchise using a third party.
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