INTERNATIONAL HOUSE OF PANCAKES, IHOP
IHOP franchises restaurants featuring signature pancakes and a diverse menu of breakfast, lunch, and dinner items, offered in full-service, fast-casual, and quick-serve formats primarily at non-traditional venues such as airports, hospitals, schools, military bases, and shopping malls. The business model involves multi-unit development agreements where franchisees develop and operate specified numbers of restaurants in high-traffic locations, paying initial fees and ongoing royalties to the franchisor. They target the general public seeking convenient family dining or quick meals in institutional and travel settings.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
4.5% royalty + 1-3.5% national ad fund + $150-300/mo payment protection fee + $1,700-2,300/yr technology support
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 33 franchised non-traditional IHOP Restaurants active and operating as of December 29, 2024 (including 7 opened in 2024).
* Calculated weighted average gross revenue for 2024 using regional unit counts and average sales: (4 units × $1,207,333 + 1 unit × $1,808,125 + 20 units × $1,680,909 + 8 units × $1,247,727) / 33 total units = $1,522,347. Calculated weighted average of regional median sales for 2024: (4 units × $1,138,957 + 1 unit × $1,808,125 + 20 units × $1,213,613 + 8 units × $1,306,630) / 33 total units = $1,245,129. No explicit overall median was provided, so a weighted average of regional medians was used. No information on net income, net profit, EBITDA, or expenses was provided.
Extracted Item 19 Section
How INTERNATIONAL HOUSE OF PANCAKES, IHOP Compares to Other Fast Food Franchises
Key Insights
- Higher investment than 77% of Fast Food franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
INTERNATIONAL HOUSE OF PANCAKES, IHOP Current | $782K - $4.0M | $25K | 4.5% | 48 |
| Burger King | $2.1M - $4.7M | $50K | 4.5% | 19,732 |
| MCDONALD'S | $1.5M - $2.6M | $45K | N/A | 12,772 |
| AFC | $45K - $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M - $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K - $728K | $35K | 6.0% | 2,647 |
Fast Food Average 127 franchises | $605K - $1.5M | $35K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 127 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+38 more states
SBA Loan History
Historical SBA 7(a) loan data for INTERNATIONAL HOUSE OF PANCAKES, IHOP franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Primarily termination disputes, non-renewal of franchise agreements, operational failures, failure to vacate premises after expiration or termination, breach of contract claims by franchisees, and bankruptcy-related disputes.
Bankruptcy (Item 4)
YogaWorks, Inc. (prior employer of CFO Vance Chang) filed Chapter 11 on October 14, 2020.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise?
The total initial investment to open a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise ranges from $782,498 to $4,041,265. This includes a franchise fee of $25,000. Ongoing royalty fees are 4.5% of gross sales.
How much revenue does a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise make?
According to the 2025 FDD, the average gross revenue for a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise is $1,522,347. The median revenue is $1,245,129.
How many INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise locations are there?
As of the 2025 FDD, INTERNATIONAL HOUSE OF PANCAKES, IHOP has 48 franchise locations. The company has been franchising since 1960.
Can you get an SBA loan for a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise?
Yes, SBA loans are available for INTERNATIONAL HOUSE OF PANCAKES, IHOP franchises. Historical data shows 81 SBA 7(a) loans have been approved for INTERNATIONAL HOUSE OF PANCAKES, IHOP franchisees, with an average loan amount of $967,325. The historical default rate is 0.0%.
Is INTERNATIONAL HOUSE OF PANCAKES, IHOP a good franchise to buy?
INTERNATIONAL HOUSE OF PANCAKES, IHOP shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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