We all prefer going out for eating. 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.
Everyone has their own favorite restaurant. It entirely depends on you to choose the place you want to visit. Some only have dinner menus. Lunch is served in some of the restaurants. Some of the restaurants have been operating for a long time now. Others are upstarts.
One of the more famous restaurants is IHOP. The first outlet of IHOP was opened in California in the year 1958. The parent company of the restaurant has its other branches in Mexico, Canada and other 49 states. It is a popular eating joint. The restaurant offers breakfast, lunch and also dinner for the customers.
If you were interested in getting into the restaurant business, how do you 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. Basic business experience is needed to get the approval. The company is not going to help you in financing the 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 area population should be somewhere in the neighborhood of 25,000 to 50,000 in the adjacent 3 mile area. Your lot size must be about 40,000 to 50,000 square feet if it stands alone and 10,000 to 20,000 square feet if it is part of a shopping or grocery establishment. This allows for enough parking space for your customers.
Owning an IHOP franchise is a good idea if you have both business and restaurant experience. If you meet all the requirements you will get the necessary training. You will get help from the chain in the areas of food and training. The employees need to be hired by you. You will have to take the interview of the candidates.
Everyone has their own favorite restaurant. It entirely depends on you to choose the place you want to visit. Some only have dinner menus. Lunch is served in some of the restaurants. Some of the restaurants have been operating for a long time now. Others are upstarts.
One of the more famous restaurants is IHOP. The first outlet of IHOP was opened in California in the year 1958. The parent company of the restaurant has its other branches in Mexico, Canada and other 49 states. It is a popular eating joint. The restaurant offers breakfast, lunch and also dinner for the customers.
If you were interested in getting into the restaurant business, how do you 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. Basic business experience is needed to get the approval. The company is not going to help you in financing the 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 area population should be somewhere in the neighborhood of 25,000 to 50,000 in the adjacent 3 mile area. Your lot size must be about 40,000 to 50,000 square feet if it stands alone and 10,000 to 20,000 square feet if it is part of a shopping or grocery establishment. This allows for enough parking space for your customers.
Owning an IHOP franchise is a good idea if you have both business and restaurant experience. If you meet all the requirements you will get the necessary training. You will get help from the chain in the areas of food and training. The employees need to be hired by you. You will have to take the interview of the candidates.
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