Executive SummaryThis Ihop restaurant is located on the busiest street. Due to increased development on that Blvd, Cal Trans and city has decided to widen the Highway from 4 lanes to 6 lanes. The project is expected to complete by summer 2009.It is an excellent location with great potential as the traffic shall increase upon completion of the expansion of Highway.
Sales reached 1,445,ooo in 2006,remained similar in 2007 to 1,412,000.In 2008 sales were 1,264,000 mainly due to the widening of the Blvd, as access to Blvd was limited .Weighted average sale is approx 1,343,500/-.The current owner works part time; new owner can operate business to increase efficiency and profits!This restaurant is approx 3hrs from downtown LA.
Remodeling of the restaurant was performed in 2006 and the next minor remodel is due in 2011.
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. This profitable nationally recognized restaurant is an opportunity not to be missed!Confidential business information provided to qualified buyers.Buyer should have minimum net worth of $1 million with $300,000 in liquid assets. New owner must be qualified by franchiser.Seller financing available OAC
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