Description
International House of Pancakes franchise. Brand history. Franchise cost
International House of Pancakes is an American chain of restaurants and snack bars that specializes in fast food. Most restaurants offer breakfast to customers, but you can order lunch and dinner here.
Today, almost 99% of restaurants are created from an independent franchise. More than 1,800 outlets of this restaurant are open all over the world. Customers are satisfied primarily with the fast service and quality products used by the restaurant for cooking.
The first such restaurant was opened in 1958 by three friends in Los Angeles. Eventually, the business went up and entrepreneurs decided to expand their network. Only two years have passed since the opening and the owners of the International House of Pancakes began to issue franchises to use their brand.
Beginning in 1973, the restaurant chain was renamed IHOP, to make the brand more recognizable and easier to use in advertising. In 1980, the menu in restaurants has expanded significantly, it began to appear a variety of dishes, even those that did not belong to the fast food dishes.
The menu mainly includes pancakes, snacks, salads, burgers, lunch and dinner. Buying a franchise in a restaurant chain is not as easy as it seems at first glance. If you want to buy a franchise International House of Pancakes or another brand, then our experts will be happy to help you choose a franchise, or a ready-made business, implementation and project management.
Franchise cost:
- Payment for the location – about 15 thousand dollars.
- The initial fee for the franchise – 50 thousand dollars.
- Real estate appraisal – 300 thousand dollars.
- Construction of a new restaurant – 450 thousand dollars.
- Signs and permission to advertise – 15 thousand dollars.
- Insurance – 30 thousand dollars.
- Royalty – 4.5% of total monthly income.
- The total estimated investment in the franchise is from $ 1.2 million to $ 6 million.
International House of Pancakes franchise: The information is taken for review from open sources and may differ from the official ones. The terms and conditions can be found on the company’s website: http://www.ihop.com.
Our services
Proriat Hospitality Partners – effective management and guarantee to restaurants’ and hotels’ profitability. Learn more about our solutions and services: www.proriat.com
Proriat Real Estate – turnkey solutions in selecting the best HoReCa premises. Commercial real estate catalog and sale of ready-made business: www.proriat-realestate.com
Proriat Franchise Development – brand development, attracting partners, franchisees, and opening new restaurants. Franchise catalog on the website: www.proriat-franchise.com
Photos
