We all like to go out and eat. It is the food, service and atmosphere that make a restaurant our favorite. Most of the time, the prices are right and they have specials that enhance the dining experience.
Everyone has their own favorite restaurant. It entirely depends on you to choose the place you want to visit. Some restaurants are specially meant for dining purposes. Still others only serve lunch. Some of the eateries are operating since a long time. Others have just started the operation.
IHOP is a popular eating joint. The first outlet of IHOP was opened in California in the year 1958. The parent company of the restaurant has its other branches in Mexico, Canada and other 49 states. It has become one of the favorite family restaurants. It offers breakfast, lunch, and 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. Basic business experience is needed to get the approval. The company doesnÕt assist you to finance your 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. You must have room 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. This allows for enough parking space for your customers.
If you have restaurant experience then owning an IHOP franchise is a wonderful idea. 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. The employees need to be hired by you. You will have to take the interview of the candidates.
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