FAQs
Is IHOP seeking new franchise candidates?
Yes, IHOP is seeking qualified candidates to develop restaurants in both new and existing markets to grow both traditional and non-traditional sectors.
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, and if the location is a non-traditional location.
How much is the royalty fee?
The royalty fee for restaurants is 4.5% of gross sales.
How much is the advertising fee?
Restaurants pay 3.5% of gross sales for national advertising. For a non-traditional restaurants the marketing fee is lower.
What are the financial requirements in order to qualify for an IHOP franchise?
For 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 have a variety of lending partners to meet your needs.
Is prior restaurant experience required?
Although prior restaurant experience is not an absolute requisite, our preferred partner will bring multi-unit management expertise, in restaurants and/or retail, and the ability to build and grow a business. Multi-unit restaurant experience, with other franchised concepts is a plus.
What is the size of a typical IHOP restaurant?
We have a variety of formats, which can range from 1000 sq ft to over 4500 sq ft. Optimal format and size will depend on the market specifics and other factors.
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.
What is the term of a development agreement?
The term of a development agreement will vary depending on the market specific, territory and obligations, among other things. This will be discussed as part of the Approval Process.
