Going out to eat outside is liked by all. We have our favorite restaurants where the food is the way we like it, the service is great, and the atmosphere keeps bring us back. The affordable price range and the special offers make the dining even more special.
Everyone has their own favorite restaurant. You can choose any of the restaurants that offer special breakfasts or lunches. Some restaurants are specially meant for dining purposes. Lunch is served in some of the restaurants. Some of the eateries are operating since a long time. Others have just opened.
IHOP is one of the most popular restaurants. The first outlet of IHOP was opened in California in the year 1958. The parent company, DineEquity, Inc. has been franchising since 1960 and has stores in 49 states, Canada, and Mexico. It is a popular eating joint. It offers breakfast, lunch, and dinner.
What needs to be done to start an IHOP restaurant franchise.
You are going to have to have a net worth of about 1.5 million with close to $500,000 in liquid assets. In order to get approved, you must have some basic business experience and restaurant experience as well. The company is not going to help you in financing the franchise. So if you do not have all of the cash for the franchise fee, be prepared to talk to a bank.
You will be given training in the main office after you get the approval. That store is constructed to strict guidelines and requirements. The place should accommodate 185 people. The area population should be somewhere in the neighborhood of 25,000 to 50,000 in the adjacent 3 mile area. The size of the lot should be 40,000 to 50,000 square feet. Your customers should get enough parking space.
If you have restaurant experience then owning an IHOP franchise is a wonderful idea. If you meet all the requirements you will get the necessary training. You will get help from the chain in the areas of food and training. You will have to hire the employees on your own. It helps that the chain provides employment application templates, but you will have to interview them.
Everyone has their own favorite restaurant. You can choose any of the restaurants that offer special breakfasts or lunches. Some restaurants are specially meant for dining purposes. Lunch is served in some of the restaurants. Some of the eateries are operating since a long time. Others have just opened.
IHOP is one of the most popular restaurants. The first outlet of IHOP was opened in California in the year 1958. The parent company, DineEquity, Inc. has been franchising since 1960 and has stores in 49 states, Canada, and Mexico. It is a popular eating joint. It offers breakfast, lunch, and dinner.
What needs to be done to start an IHOP restaurant franchise.
You are going to have to have a net worth of about 1.5 million with close to $500,000 in liquid assets. In order to get approved, you must have some basic business experience and restaurant experience as well. The company is not going to help you in financing the franchise. So if you do not have all of the cash for the franchise fee, be prepared to talk to a bank.
You will be given training in the main office after you get the approval. That store is constructed to strict guidelines and requirements. The place should accommodate 185 people. The area population should be somewhere in the neighborhood of 25,000 to 50,000 in the adjacent 3 mile area. The size of the lot should be 40,000 to 50,000 square feet. Your customers should get enough parking space.
If you have restaurant experience then owning an IHOP franchise is a wonderful idea. If you meet all the requirements you will get the necessary training. You will get help from the chain in the areas of food and training. You will have to hire the employees on your own. It helps that the chain provides employment application templates, but you will have to interview them.
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