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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

INTERNATIONAL HOUSE OF PANCAKES, IHOP

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.

1,630locations
$436K–$4632K
Since 1960
Food & BeveragePasadena, CADine Brands Global, Inc.www.ihop.comDisclaimer

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Franchise Costs

Franchise Fee
$25,000
Initial Investment
$436,482 – $4,632,445
Royalty Rate
4.50%
Brand Fund
3.50%
Fixed Monthly Fees
$213 – $750

4.5% royalty + up to 3.5% ad fund + $1900-$2500/year technology support + $90-$450/month Wi-Fi + $65-$200/month online ordering

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$1,522,347.06
Median Gross Revenue
$1,245,128.88

Data Based On: 33 franchised non-traditional IHOP Restaurants for the period January 1, 2024 to December 29, 2024.

* Calculated weighted average gross revenue for 2024 from regional data: (4 units × $1,207,333 + 1 unit × $1,808,125 + 20 units × $1,680,909 + 8 units × $1,247,727) / 33 total units = $1,522,347.06. Calculated weighted median gross revenue 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 = $1,245,128.88.

Extracted Item 19 Section

Avg. Revenue: $1,522,347

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How INTERNATIONAL HOUSE OF PANCAKES, IHOP Compares

Key Insights

  • Higher than average SBA loan default rate in Fast Food
FranchiseInvestmentFeeRoyaltyLocations
INTERNATIONAL HOUSE OF PANCAKES, IHOP
Current
$436K – $4.6M$25K4.5%1,630
MCDONALD'S$1.5M – $2.6M$45KN/A12,772
LITTLE CAESARS$377K – $1.8M$20K6.0%3,788
AFC$45K – $151K$6K8.0%3,572
KFC (NON-TRADITIONAL)$1.2M – $4.2M$45KN/A3,404
SONIC DRIVE-IN$1.5M – $2.5M$15K5.0%3,120
Fast Food Average
134 franchises
$594K – $1.6M$35K6.1%–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 134 Fast Food 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

Top States
1CALIFORNIA
221
2TEXAS
209
3FLORIDA
142
4GEORGIA
81
5VIRGINIA
65
6NEW YORK
62
7MARYLAND
52
8NORTH CAROLINA
51
9NEW JERSEY
49
10ARIZONA
42
11ILLINOIS
40
12COLORADO
37
13WASHINGTON
37
14TENNESSEE
32
15OKLAHOMA
31

+38 more states

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SBA Loan History

Historical SBA 7(a) loan data for INTERNATIONAL HOUSE OF PANCAKES, IHOP franchisees (2010 – 2025)

Total Loans
81
Average Loan
$967,325
Total Volume
$78.4M
Default Rate
0.0%

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.

81 SBA loans on record

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Franchisee Contacts

53 franchisee contacts on file from official FDD filings.

53 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases18

Disputes include breach of contract, misrepresentation, covenant of good faith and fair dealing, unfair business practices, ADA violations, trademark infringement, antitrust violations, and royalty/fee collection matters. Some cases involved bankruptcy filings by franchisees.

Bankruptcy (Item 4)

Bankruptcy HistoryYes

YogaWorks, Inc. (a former employer of the current CFO of IHOP Franchisor LLC and Dine Brands) filed Chapter 11 bankruptcy in October 2020.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
9
Reacquired
10
Ceased Ops
39
Transfers
69
Sold to Franchisees
0
Projected New
32

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Frequently Asked Questions

The total initial investment to open a INTERNATIONAL HOUSE OF PANCAKES, IHOP franchise ranges from $436,482 to $4,632,445. This includes a franchise fee of $25,000. Ongoing royalty fees are 4.5% of gross sales.