Business Description Famous Restaurant Franchise IHOP
SIC Code Organizational Form Corporation
General Location: LA County
Selling Price $700,000 Down Payment $700,000
Annual Revenues $ 1,240,000 Discretionary Earnings $200,0000
Seasonal? ND Can Relocate? ND Home Based? ND Absentee Owner? ND Franchise? Y
Days and Hoursof Operation Sun-Thur: 6am-10pm Fri & Sat: 6am-12am
Year Established 1967 Years Owned 7
Full-Time Employees 17 Part Time 5 Managers 1
Hours Owner Works 25 hours/week
Skills Required Food Service, Managerial
Non Compete 5 miles for 5 years
Executive Summary
High profit IHOP franchise in ideal location. IHOP restaurants are one of America’s favorite restaurant chains with 1,328 locations in the continental United States, Virgin Islands, Canada, and Mexico. IHOP has rapidly become the quintessential family restaurant with its award winning pancakes, omelettes, and other breakfast specialties as well as their lunch and dinner menu. You couldn’t ask for a better location! This established restaurant is located inside of a shopping center on a lively main street. The shopping center is within walking distance of a busy residential and commercial area. Most IHOP franchises require you to rent the fixtures and equipment but this facility’s equipment is already purchased and included in the sale price. Great lease and high profits make this business an opportunity not to be missed!
Confidential business information provided to qualified buyers.
Buyer should have food/restaurant experience and a minimum $1,000,000 net worth with $300,000 in liquid assets. Must be qualified by the franchisor.
Lease / Building Information
Monthly Lease/Rent (including CAM ) $9,696
Expires 1/1/2020 Building Type Shopping Center
Terms & Options negotiable
Square Footage / Dim. 2600 Seating 87
Assets (Y=Included / N=Not Included / A=Available)
Accounts Receivable N
Licenses N
Inventory N
Type of License
L/H Improvements Y $150,000
Furniture / Equipment Y $150,000
Real Estate N
Total Assets $300,000
Marketing Information
Marketing One of the most popular restaurant franchises in the nation! IHOP is a nationally recognized name.
Strengths & Opportunities IHOP is well known for its delicious breakfast menu as well as its affordable prices and great family atmosphere.
Hours Open Sunday - Thursday: 6am to 10pm. Friday & Saturday: 6am to 12am.
Area, Facilities & Equipment Great location inside of a busy shopping center. This sale includes the restaurant’s fixtures and equipment - a great deal for the new owner!
Company History The first IHOP was opened in 1958 in Toluca Lake. Since then, this franchise has grown in popularity. Owner is selling due to other business interests.
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary.