Going out to eat outside is liked by all. 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.
There are a lot of restaurants and eateries that you always like to visit. It entirely depends on you to choose the place you want to visit. Some restaurants are specially meant for dining purposes. Lunch is served in some of the restaurants. Some of the eateries are operating since a long time. Others have just started the operation.
IHOP is one of the most popular restaurants. It has been around since 1958 when it established its first store in Toluca Lake, California. The parent company, DineEquity, Inc. has been franchising since 1960 and has stores in 49 states, Canada, and Mexico. It is a popular family restaurant. The restaurant offers breakfast, lunch and also dinner for the customers.
How to start an IHOP franchise?
You are going to have to have a net worth of about 1.5 million with close to $500,000 in liquid assets. In order to get the approval you need to have little bit of experience in this field of work. The company no longer helps you to finance your franchise. So if you don?t have adequate cash it is always better to consult a bank.
Once you are approved, you will be brought to the main office for training while the store is still in construction. The outlet is constructed following strict guidelines and other requirements. You must have room for 185 people. The store must be somewhere near the neighborhood with a population of 25,000 to 50,000 people. The size of the lot should be 40,000 to 50,000 square feet. This allows for enough parking space for your customers.
If you have restaurant experience then owning an IHOP franchise is a wonderful idea. If you meet all the requirements you will get the necessary training. 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.