We all like to go out and eat. It is the food, service and atmosphere that make a restaurant our favorite. The affordable price range and the special offers make the dining even more special.
There are a lot of restaurants and eateries that you always like to visit. It entirely depends on you to choose the place you want to visit. Some only have dinner menus. Lunch is served in some of the restaurants. Some have been in business for a long time. Others are upstarts.
IHOP is one of the most popular restaurants. Established in 1958, the first store of IHOP was opened 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. It serves breakfast, lunch and also dinner.
How to start an IHOP franchise?
You need to have at least 1.5 million which is close to $500,000 to start a franchise. 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 don?t have adequate cash it is always better to consult a bank.
After the approval you will be given training in the main office. That store is constructed to strict guidelines and requirements. The store needs to have place for 185 people. The area population should be between 25,000 to 50,000. 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. Your customers should get enough parking space.
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. You will get help from the chain in the areas of food and training. You will have to hire the employees on your own. You will have to take the interview of the candidates.
There are a lot of restaurants and eateries that you always like to visit. It entirely depends on you to choose the place you want to visit. Some only have dinner menus. Lunch is served in some of the restaurants. Some have been in business for a long time. Others are upstarts.
IHOP is one of the most popular restaurants. Established in 1958, the first store of IHOP was opened 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. It serves breakfast, lunch and also dinner.
How to start an IHOP franchise?
You need to have at least 1.5 million which is close to $500,000 to start a franchise. 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 don?t have adequate cash it is always better to consult a bank.
After the approval you will be given training in the main office. That store is constructed to strict guidelines and requirements. The store needs to have place for 185 people. The area population should be between 25,000 to 50,000. 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. Your customers should get enough parking space.
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. You will get help from the chain in the areas of food and training. You will have to hire the employees on your own. You will have to take the interview of the candidates.
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