How to open an iHop restaurant

We all like to go out and eat. We have our favorite restaurants where the food is the way we like it, the service is great, and the atmosphere keeps bring us back. The affordable price range and the special offers make the dining even more special.

 There are a lot of restaurants and eateries that you always like to visit. You can choose those who major in breakfasts or lunches. Some restaurants are specially meant for dining purposes. 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. It has been around since 1958 when it established its first store in Toluca Lake, California. The parent company of the restaurant has its other branches in Mexico, Canada and other 49 states. It has become one of the favorite family restaurants. It offers breakfast, lunch, and dinner.

What needs to be done to start an IHOP restaurant franchise.

You need to have around $500,000 assets to start the business. Basic business experience is needed to get the approval. The company no longer helps you to finance your franchise. So if you do not have all of the cash for the franchise fee, be prepared to talk to a bank.

After the approval you will be given training in the main office. That store is constructed to strict guidelines and 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. The size of the lot should be 40,000 to 50,000 square feet. The parking space should be fine for your customers.

If you have restaurant experience then owning an IHOP franchise is a wonderful idea. If you can meet these requirement, you will receive the necessary training, and out just might be the latest IHOP to open in your area. You will get help from the chain in the areas of food and training. You will have to find the employees yourself. It helps that the chain provides employment application templates, but you will have to interview them.