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.
Franchise Costs
4.5% royalty + 1-3.5% national ad fund + $150-300/mo payment protection fee + $1,700-2,300/yr technology support
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
Key Insights
- Higher investment than 78% of Fast Food franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
INTERNATIONAL HOUSE OF PANCAKES, IHOP Current | $782K – $4.0M | $25K | 4.5% | 48 |
| 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 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
63 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
63 Contacts Available
Unlock all INTERNATIONAL HOUSE OF PANCAKES, IHOP franchisee contacts with verified contact information
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
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.
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