Seller Financing Available
Gross Revenue: $29,772,659
Real Estate: $9,000,000
* not included in asking price.
19+ IHOP Locations - Central US - Excellent Cash Flow
19+ IHOP Restaurants - Cash Flow of $3.59 Millions
*** AMERICAN ICON IN BREAKFAST ***
$ For 54 years, the IHOP family restaurant chain has served our world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages — offering an affordable, everyday dining experience with warm and friendly service. $ As of 2015, there were 1,650 IHOP restaurants in 50 states and the District of Columbia, as well as in Bahrain, Canada, Dubai (UAE), Guatemala, Kuwait, Mexico, Puerto Rico, Saudi Arabia, The Philippines and the U.S. Virgin Islands. $ Under the licensed name IHOP at HOME® consumers can also enjoy a line of premium breakfast products available at leading retailers. IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. International House of Pancakes, LLC is a wholly-owned subsidiary of DineEquity, Inc. (NYSE: DIN). $ Owner Franchisee of 20 IHOPs finally decides to retire. . Portfolio includes 20 IHOP restaurant operations. It also includes 3 fee simple properties, where 3 of IHOPs are located and one IHOP real estate building with land-lease rights, housing one of 20 IHOP. . Please send in inquiry to receive an Nondisclosure and Confidentiality Agreement . Once NDA is filled and signed, more detailed information shall be shared. $ Owner has spent $728,482, $692,579, and $656,553 in Capital Expenditure of Remodelling during the year 2011, 2012 and 2013 respectively. . Cash Flow is after the remodeling has been expended. If you were to add the CapEx $, the cash flow is about Three Millions $3,000,000.
Inventory: Not included in asking price
Real Estate: Owned
Included in asking price
Building Sq. Ft.: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 20 IHOP Restaurants Business Operations Only - - - - 3 Fee Simple real estate and one Land-Lease real estate
Competition: Since 2008, IHOP has been ranked "#1 in Family Dining" by Nation's Restaurant News’ annual Top 100 issue, and IHOP has proclaimed its vision to create an insurmountable lead by focusing on four primary strategies: menu innovation, operational excellence, advertising and media, and our value proposition.
Growth & Expansion: Business can easily be enhanced - Current owners got tired and burned out. Owner is mostly absentee owner. - Being Franchisee, you may expand into other markets. Currently Franchisor is seeking candidates for multi-restaurant franchise opportunities Domestic Growth Markets Rochester, NY Syracuse, NY Buffalo, NY Albany, NY Burlington, VT Kansas Traverse City, MI Grand Rapids, MI Lacrosse, WI Green Bay, WI Rochester, MN Duluth, MN Minneapolis, MN Nebraska Minnesota Portland, OR Medford, OR San Francisco, CA Sacramento, CA
Financing: Seller shall help Down Payment, if Buyer is qualified to get Bank Financing
Support & Training: IHOP offers a full range of franchise support including training, site selection assistance, restaurant-design-planning assistance, restaurant-opening assistance and ongoing operations and marketing consulting.
Reason for Selling: Other Business Interest - Got Tired of Restaurants - Looking for Change
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