Is IHOP seeking new franchise candidates?
Yes, IHOP is seeking qualified candidates in select markets both domestically and internationally.
How long is the term of the franchise agreement?
The initial term of the IHOP Franchise Agreement is typically 20 years, but could vary depending on lease.
How much is the franchise fee?
The franchise fee for single restaurant domestic development is $50,000. The franchise fee for multi-restaurants domestic and international franchise development is $40,000 per restaurant.
How much is the royalty fee?
The royalty fee for domestic restaurants is 4.5% of gross sales. The royalty fee for international restaurants is 5.5% of gross sales.
How much is the advertising fee?
Domestic restaurants pay 1% of gross sales for national advertising and 2% of gross sales for local advertising. International restaurants pay 3% of gross sales for local advertising and 1% of gross sales for a brand administration fee.
What are the financial requirements in order to qualify for an IHOP franchise?
For domestic development, minimum financial net worth of $1.5 million and $500,000 in liquid assets.
Is there financing available?
While IHOP does not provide financing, we may introduce you to lending sources.
What support does IHOP provide when I become a franchisee?
IHOP offers a full range of franchise support including training, site selection assistance, restaurant-design-planning assistance, restaurant-opening assistance and ongoing operations and marketing consulting.