Business Summary:
National IHOP Franchise Restaurant located in a prime area of
north-central-eastern section of New Jersey. IHOP s first
restaurant started in 1958 located in California. Since then it
has become known as one of America s favorite restaurants
with more than 1500 restaurants within all 50 states as of
2011. IHOP is known for providing reasonably priced, high
quality food and beverages in a comfortable family-style
atmosphere. This franchise enjoys a very high markup due to
its product menu representing a sizeable profit for the owner. This specific franchise is located in an urban area with a large population and in a free standing facility with an adequate amount of private parking available. The franchise requires standard approval and provides an eight week training period. The opportunity offers entry into a well known franchise with a reputation for success.
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| Year
Business was Established: 1968 |
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| Number of Employees:
34 |
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| Facilities / Terms of Lease:
The business is located on a highly active county road in NJ. This restaurant is a free standing building located on a corner lot. This is a densely populated urban area with an ongoing demand for moderately priced food service. The facility consists of 4,500 square feet with a clean modern appearance designed specifically for this national franchise. |
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| Potential
Growth/Expansion:
With on site management and increased hours during the weekends the restaurant can be further improved and developed. |
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| Competition:
The franchise has a distance restriction and seller will supply a non compete agreement to the purchaser. |
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| Owner
willing to finance:
Owner financing is available for a qualified purchaser. |
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| Owner
willing to train:
Franchise training is required for eight weeks for all new purchasers. |
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| Reason for selling:
The seller plans on opening a restaurant closer to his residence in NY. |
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Seller Reference Number: REST202CP
BusinessMart.com Listing Number: 113403 |
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