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IHOP & INTERNATIONAL HOUSE OF PANCAKES
IHOP Franchisor LLC offers franchises for full-service family-style restaurants operating under the 'IHOP' and 'International House of Pancakes' names, featuring signature pancakes along with a diverse menu of breakfast, lunch, and dinner items. The business model includes various programs such as Single Store Development, Multi-Store Development, Purchase Program, and Dual Brand concepts with Applebee’s, targeting the competitive family dining segment of the foodservice market. These restaurants serve the general public and compete with other family-style restaurants, pancake houses, coffee shops, buffets, and diners.
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Franchise Costs
Financial Performance
Item 19 Financial Performance
Data Based On: 1,463 franchised traditional IHOP Restaurants active and operating as of December 28, 2025, including 33 restaurants opened in 2025; excluding 145 subfranchised traditional IHOP Restaurants, all Non-Traditional IHOP restaurants, and 24 Dual Branded Restaurants.
* Calculated weighted average gross revenue for 2025 from Chart 1 (by Region): (180 units × $2286794 + 423 units × $2127026 + 624 units × $1984978 + 236 units × $1672423) / 1463 total units = $2012763.51. Calculated weighted median gross revenue for 2025 from Chart 1 (by Region): (180 units × $2176716 + 423 units × $1984787 + 624 units × $1922820 + 236 units × $1551817) / 1463 total units = $1912127.32.
Extracted Item 19 Section
Avg. Revenue: $2,012,764
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Unlock financial performance dataHow IHOP & INTERNATIONAL HOUSE OF PANCAKES Compares
Key Insights
- #1 largest franchise system in Casual Dining
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
IHOP & INTERNATIONAL HOUSE OF PANCAKES Current | $617K – $4.6M | $50K | N/A | 1,630 |
| BUFFALO WILD WINGS | $2.5M – $4.9M | $25K | 5.0% | 549 |
| GOLDEN CORRAL STEAKS, BUFFET & BAKERY | $2.1M – $8.5M | $50K | 4.0% | 352 |
| GOLDEN CORRAL | $1.5M – $6.2M | $50K | 4.0% | 344 |
| ORIGINAL PANCAKE HOUSE (THE) | $483K – $1.7M | $60K | 2.0% | 150 |
| Outback Steakhouse | $4.3M – $9.0M | $40K | 5.0% | 122 |
Casual Dining Average 45 franchises | $1.5M – $3.4M | $43K | 4.7% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 45 Casual Dining franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+38 more states
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Unlock location growth dataFranchisee Contacts
885 franchisee contacts on file from official FDD filings.
885 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Includes disputes over lease extensions, ADA compliance for gift cards, franchise agreement terminations, antitrust allegations related to non-solicitation/no-hire provisions, trademark infringement, operational failures, breach of contract, discrimination, violations of franchise disclosure acts, and non-disclosure of beverage prices. Also includes franchisor actions to enforce termination rights and recover unpaid fees.
Bankruptcy (Item 4)
YogaWorks, Inc., where the current Chief Financial Officer of IHOP Franchisor LLC and Dine Brands previously served as CFO, filed for Chapter 11 bankruptcy in October 2020.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a IHOP & INTERNATIONAL HOUSE OF PANCAKES franchise ranges from $616,682 to $4,632,445. This includes a franchise fee of $50,000.
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