Tuesday, December 3, 2013

How To Open An Ihop Franchise

By George Dodson


We all prefer going out for eating. It is the food, service and atmosphere that make a restaurant our favorite. Most of the time, the prices are right and they have specials that enhance the dining experience.

You have your choices of restaurants and eateries to visit. You can choose any of the restaurants that offer special breakfasts or lunches. Some only have dinner menus. Lunch is served in some of the restaurants. Some have been in business for a long time. Others have just started the operation.

IHOP is a popular eating joint. It has been around since 1958 when it established its first store in Toluca Lake, California. 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. The restaurant offers breakfast, lunch and also dinner for the customers.

If you were interested in getting into the restaurant business, how do you start an IHOP franchise?

You need to have at least 1.5 million which is close to $500,000 to start a franchise. Basic business experience is needed to get the approval. The company is not going to help you in financing the franchise. So if you don?t have adequate cash it is always better to consult a bank.

You will be given training in the main office after you get the approval. The outlet is constructed following strict guidelines and other requirements. The place should accommodate 185 people. The store must be somewhere near the neighborhood with a population of 25,000 to 50,000 people. Your lot size must be about 40,000 to 50,000 square feet if it stands alone and 10,000 to 20,000 square feet if it is part of a shopping or grocery establishment. The parking space should be fine for your customers.

Opening an IHOP franchise will be nice for people who have experience in business. If you can meet these requirement, you will receive the necessary training, and out just might be the latest IHOP to open in your area. Though the chain will help you with the 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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