20 IHOP Locations - Multiple States - Opportunity of Life-time
20 IHOP Restaurants - Cash Flow of $3.59Millions
*** 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 2 fee simple properties, where 3 of IHOPs are located and one IHOP real estate building with land-lease rights, housing one of 20 IHOP.
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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 $3,500,000.