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IHOP for sale in Hennepin County

Great cash flow

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asking price
$
4,500,000
gross sales
$
3,482,047
cash flow
$
662,062
employees: 
60
founded: 
2002

Located across the street from major shopping center. In addition to being located near the mall, this location has three well established hotels within walking distance

IHOP, 2nd largest family dining with over 1,200 quality full service restaurants. Minimum net worth $1.5M and liquid assets of $750K. A minimum of two (2) years restaurant experience.


At A Glance
Founded: 1958
Locations: 1,772
Initial Investment: $ 639 K - $ 2,834
Headquarters: Glendale, CA
IHOP

Join the IHOP franchise family.

For 61 years, the IHOP food franchise has served world-famous pancakes and a large menu of items 24-hours a day. Breakfast, lunch and dinner is offered at an affordable price in a casual environment with warm and friendly service.

The International House of Pancakes (IHOP) is one of the most recognizable restaurantnt brands in the world. An American icon, IHOP serves yummy breakfast, lunch and dinner food at moderate prices in a comfortable, family-style atmosphere. IHOP restaurants is best known for their delectable pancakes, omelets and other breakfast items. However, they are open throughout the day and evening.

IHOP History

Founded by brothers Al and Jerry Lapin in 1958 the first IHOP restaurant opened in Toluca Lake, CA. The International House of Pancakes began offering franchises in 1960. In 1963, the company acquired numerous franchised brands, including Orange Julius, Golden Cup Coffee Shops, The Original House of Pies, and others. Today, more than 1,700 IHOP restaurants are in operation worldwide and the annual company-wide revenues exceed $2 billion.

Training

IHOP provides an initial training program, called IHOP Academy, for new franchisees. Trainees must pass online and practical tests which include observation and testing of on-the-job performance to demonstrate knowledge and skill level to advance from the Restaurant training program to the management training program, and to graduate from management training.

The training is broken into two parts:

  1. A six-week program approximately 45 to 50 hours per week
  2. A two-day capstone workshop held in major markets across the U.S.

The initial training program covers:

  • Restaurant operation skills training
  • IHOP Brand Standard Operating Practices
  • IHOP-approved food safety certification program
  • Ongoing training
  • Refresher courses

Support

IHOP offers a full range of franchise support including:

  • Training
  • Site selection assistance
  • Restaurant-design-planning assistance
  • Restaurant-opening assistance
  • Ongoing operations
  • Marketing consulting

The seller has elected to keep detailed location information confidential pending an executed non-disclosure agreement.
Minnesota
United States
First name *

Last name *

Your phone

Your email *

Your message *

Send me more information from these Trusted Sources:

FranFundGet the funding you need for your franchise from an experienced financial partner.

Benetrends FinancialFunding your business. Fueling your growth.

Live Oak BankGet Funding from our trusted financial partners




All IHOP Resales
IHOP for sale in Hennepin CountyGreat cash flow$4,500,000 - MinnesotaView Full Listing