General Building Information
- Freestanding IHOP building containing approximately 5,000 square feet and seats approximately 150 to 185 persons
- Build-out of prominent end-cap or in-line space in a shopping center
- Conversion of an existing building to a modified prototypical IHOP restaurant (size may vary but should seat at least 135 persons)
Demographic Requirements
| Population |
25,000 to 50,000 -- 3 mile population |
|
80,000 to 150,000 -- 5 mile population |
| Traffic Count |
Greater than 28,000 average daily traffic |
| Freeway Traffic |
Greater than 60,000 average daily traffic |
| Retail/Office |
Density of retail, office and hospitals of approximately 10,000 persons within 1 to 2 miles, in addition to the residential population base within 3 miles |
Physical Requirements
| Lot Size |
30,000 - 50,000 square feet for standalone parcel |
|
10,000 - 20,000 square feet if parcel is part of a shopping center |
| Frontage |
150 feet minimum |
| Depth |
Approximately 260 feet |
| Parking |
50 to 80 spaces (or reciprocal/shared parking) |
Utility Service Requirements
| Gas |
7" water column (1/2 psi) low pressure; 3" to 4" pipe size or (2 psi) medium pressure, 1 1/2 to 2" pipe size |
| Water |
2" water link with 2" meter (1 1/2" meter minimum allowed per local) |
| Fire Sprinklers |
4" to 6" water line per local conditions, 55 lbs minimum flow pressure fire service if required by local codes |
| Electrical |
800 to 1,000 amp service, 208 v, 3 phase |
| Sewer |
4" line with 1,500 gallon grease interceptor |
| HVAC |
35 to 40 tons for most restaurants |
Acquisition Vehicle
The acquisition vehicle that an IHOP Franchise Developer will typically use is to purchase or lease the property.
Lease Terms
IHOP franchise developers typically enter into a triple-net lease, with or without contribution from the landlord, that has a base term of 20 years and options extending for up to 30 years.