How to Open an IHop franchise

We all prefer going out for eating. 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. Most of the time, the prices are right and they have specials that enhance the dining experience.

 There are a lot of restaurants and eateries that you always like to visit. You can choose those who major in 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 opened.

IHOP is a popular eating joint.  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 has become one of the favorite family restaurants. 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 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. The outlet is constructed following strict guidelines and other requirements. The store needs to have place for 185 people. The area population should be somewhere in the neighborhood of 25,000 to 50,000 in the adjacent 3 mile area. If the store is a part of grocery establishment then the size should be 10,000 to 20,000 square feet. This allows for enough parking space for your customers.

Owning an IHOP franchise is a good idea if you have both business and restaurant experience. You will get the necessary training if you meet all the requirements. The food chain will assist you initially in the areas of training and food. You will have to find the employees yourself. Candidates should be interviewed by you.