Franopolis

    IHOP and International House of Pancakes

    Franchise research report · reviewed 2026 disclosure data

    Researching IHOP and International House of Pancakes franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    1960
    Source: franchisedirect.com
    Headquarters
    Pasadena, California
    Source: franchisedirect.com

    IHOP is a full-service restaurant franchise operated by IHOP Franchisor LLC, whose parent company is Dine Brands Global, Inc. Its restaurants offer signature IHOP pancakes, crepes, coffee, and other breakfast, lunch, and dinner menu items.

    Headline figures

    Quick facts

    How much does it cost to open an IHOP and International House of Pancakes franchise?
    The IHOP and International House of Pancakes Franchise Disclosure Document reports separate estimated initial investments by format: $616,682 for agencies, etc. suppliers and governmental agencies deposits total (30) $784,382 (or — 616682 (2026 FDD, Item 7, PDF p. 25); $784,382 for governmental agencies, etc. suppliers and governmental agencies deposits total (30) — 784382 (2026 FDD, Item 7, PDF p. 25); $4,147,245 for tal agencies deposits total (30) $784,382 (or $616,682 if a dual branded restaurant) — 4147245 (2026 FDD, Item 7, PDF p. 25); $4,632,445 for posits total (30) $784,382 (or $616,682 if a dual branded restaurant) $4,147,245 (or — 4632445 (2026 FDD, Item 7, PDF p. 25). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does IHOP and International House of Pancakes charge?
    The disclosed ongoing royalty is $5 (2026 FDD, Item 6, PDF p. 19). The brand or advertising fund contribution is $4 (2026 FDD, Item 6, PDF p. 19). Other recurring fees are listed in Item 6. Details
    Does IHOP and International House of Pancakes disclose financial performance (Item 19)?
    Yes. The IHOP and International House of Pancakes FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 54). Figures apply only to the locations and period each one covers. Details
    How many IHOP and International House of Pancakes locations are there?
    The FDD reports 126 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 55). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $616,682 (agencies, etc. Suppliers and governmental agencies deposits TOTAL (30) $784,382 (or — 616682); $784,382 (governmental agencies, etc. Suppliers and governmental agencies deposits TOTAL (30) — 784382); $4,147,245 (tal agencies deposits TOTAL (30) $784,382 (or $616,682 if a Dual Branded Restaurant) — 4147245); $4,632,445 (posits TOTAL (30) $784,382 (or $616,682 if a Dual Branded Restaurant) $4,147,245 (or — 4632445); several initial fee options apply.
    2. 2Item 19 covers 8 separate groups: other measures for 4 Franchised locations; other measures for 1 Franchised locations; other measures for 20 Franchised locations; other measures for 24 Franchised locations; other measures for 10 Franchised locations; other measures for 4 Franchised locations; other measures for 6 Franchised locations; other measures for 8 Franchised locations. They are not combined.
    3. 3Outlets grew by 30 in 2025, to 126 (USandterritoriesaslabelled, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 4 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (4)

    Each format has its own total. The total depends on the format you choose.

    • agencies, etc. Suppliers and governmental agencies deposits TOTAL (30) $784,382 (or — 616682PDF p. 25$616,682
    • governmental agencies, etc. Suppliers and governmental agencies deposits TOTAL (30) — 784382PDF p. 25$784,382
    • tal agencies deposits TOTAL (30) $784,382 (or $616,682 if a Dual Branded Restaurant) — 4147245PDF p. 25$4,147,245
    • posits TOTAL (30) $784,382 (or $616,682 if a Dual Branded Restaurant) $4,147,245 (or — 4632445PDF p. 25$4,632,445

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    OTHER FEES Type of Fee 1 Amount Due Date Remarks Royalty — 4.5%Main ongoing fee

    42 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    8 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    Northea stnontraditionalIHOPfranchised
    Period
    Lowgrosssales
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    WestnontraditionalIHOPfranchised
    Period
    Countexceededaverage
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 20 locations

    Who is counted
    SouthnontraditionalIHOPfranchised
    Period
    Percentexceededaverage
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 24 locations

    Who is counted
    SouthnontraditionalIHOPfranchised
    Period
    Mediangrosssales
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 10 locations

    Who is counted
    Midwes tnontraditionalIHOPfranchised
    Period
    Percentexceededaverage
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    WestnontraditionalIHOPfranchised
    Period
    Annualizedaveragegrosssales
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 6 locations

    Who is counted
    Northea stnontraditionalIHOPfranchised
    Period
    Lowgrosssales
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    Locations counted: not stated in the reviewed record

    Other measures · 8 locations

    Who is counted
    Midwes tnontraditionalIHOPfranchised
    Period
    Mediangrosssales
    Excluded
    TraditionalIHOPanddualbrandexcluded;dualbrand0in2024/1in2025
    Method
    Sourceannualizedfigures;unauditedfranchiseeroyaltyreports;Censusregions;includes4opened2025;refunds/taxes/nonownedvendingrevenueexcludedexceptcommissions

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    USandterritoriesaslabelled, as labeled in the FDD · counts as of Fiscal2025 of each year.

    2026 FDD · Item 20 · PDF p. 55

    Net +36 outlets, 2023–2025

    09020239620241262025+6+30

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($616,682 – $4,632,445) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 96 to 126 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — Northea stnontraditionalIHOPfranchised · PDF p. 54
    2. [2]Item 19 — Locations counted not stated in the reviewed record — WestnontraditionalIHOPfranchised · PDF p. 54
    3. [3]Item 19 — Locations counted not stated in the reviewed record — SouthnontraditionalIHOPfranchised · PDF p. 54
    4. [4]Item 19 — Locations counted not stated in the reviewed record — SouthnontraditionalIHOPfranchised · PDF p. 54
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Midwes tnontraditionalIHOPfranchised · PDF p. 54
    6. [6]Item 19 — Locations counted not stated in the reviewed record — WestnontraditionalIHOPfranchised · PDF p. 54
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Northea stnontraditionalIHOPfranchised · PDF p. 54
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Midwes tnontraditionalIHOPfranchised · PDF p. 54
    9. [9]Outlet counts — Item 20, Table 1 · PDF p. 55

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    992 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025net change in cash, cash equivalents and restricted cashMore than one value recorded for this year — open the FDD source before comparing$2,174
    2025cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$897
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$1,738
    2025total assetsMore than one value recorded for this year — open the FDD source before comparing$64,112
    2025royalties$99,196
    2025franchise, development and other fees$4,336
    2025total current assetsMore than one value recorded for this year — open the FDD source before comparing$21,245
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$3,063
    2025retained earnings$478,938
    2025total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$80,597
    2025financing expenses$77
    2025financing revenues$670
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing$4
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$49
    2025property and equipment, net$161
    2025rental revenues$109
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$879
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$17
    2025total franchise revenues$666
    2025advertising revenues$282
    2025basic earnings per share$1
    2025royalties, franchise fees and other$384
    2025amortization of intangible assets$12
    2025(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing-$1
    2025total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$323
    2025weighted average shares outstanding, basic$14
    2025total comprehensive income$17
    2025diluted earnings per share$1
    2025non-cash stock-based compensation expense$13
    2025receivables-$10
    2025cash flows provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$89
    2025(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing-$0
    2025other assetsMore than one value recorded for this year — open the FDD source before comparing-$9
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$3
    2025cash, cash equivalents and restricted cash at beginning of year$249
    2025accounts payable and other accrued expenses$14
    2025supplemental disclosures interest paid$84
    2025operating lease assets and liabilities-$14
    2025non-cash interest expense$4
    2025cash , cash equivalents and restricted cash at beginning of year$20,723
    2025cash , cash equivalents and restricted cash at end of year$22,897
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing$218
    2025long - term restricted cash$22,000
    2025related party note receivable$10,500
    2025other non - current assets$2,860
    2025other accrued expensesMore than one value recorded for this year — open the FDD source before comparing$49
    2025total current liabilities$3,112
    2025long - term deferred revenue$19,915
    2025total liabilities$23,027
    2025contributed capital$35,465
    2025total member’s equity$41,085
    2025total liabilities and member's equity$64,112
    2025advertising fees$78,332
    2025total franchise revenue s$181,864
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$182,534
    2025advertising expensesMore than one value recorded for this year — open the FDD source before comparing$78,332
    2025bad debt expense$1,056
    2025other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$1,209
    2025general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$26,130
    2025total costs and expenses$106,804
    2025other income, net$1,551
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$77,281
    2025due from member, net-$74,160
    2025changes in operating assets and liabilities receivables$625
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$273
    2025other accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$51
    2025other assetsMore than one value recorded for this year — open the FDD source before comparing-$2,304
    2025cash flows provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$2,174
    2025cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$128
    2025restricted cash$52
    2025total current assetsMore than one value recorded for this year — open the FDD source before comparing$352
    2025other intangible assets, net$534
    2025operating lease right-of-use assets$329
    2025goodwill$250
    2025non-current restricted cash$22
    2025other non-current assets, net$57
    2025company-owned restaurant revenues$105
    2025rental expenses$84
    2025advertising expensesMore than one value recorded for this year — open the FDD source before comparing$279
    2025other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$44
    2025company-owned restaurant expenses$113
    2025total cost of revenues$520
    2025gross profit$359
    2025general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$204
    2025interest expense, net$78
    2025closure and impairment charges$40
    2025income before income taxes$25
    2025income tax provision-$8
    2025net income allocated to unvested restricted stock-$1
    2025net income available to common stockholders$16
    2025depreciation and amortization$43
    2025weighted average shares outstanding, diluted$14
    2025non-cash closure and impairment charges$40
    2025deferred income taxes-$4
    2025otherMore than one value recorded for this year — open the FDD source before comparing-$3
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$10
    2025gift card receivables and payables$5
    2025accrued interest payable$1
    2025cash flows from investing activities principal receipts from notes, equipment contracts and other long-term receivables$8
    2025additions to property and equipment-$36
    2025additions to long-term receivables-$5
    2025acquisition of business, net of cash acquired$2
    2025otherMore than one value recorded for this year — open the FDD source before comparing-$2
    2025cash flows used in investing activities-$32
    2025dividends paid on common stock-$31
    2025repurchase of common stock-$61
    2025principal payments of finance lease and financing obligations-$5
    2025repurchase of restricted stock for tax payments upon vesting-$2
    2025cash flows used in financing activities-$104
    2025net change in cash, cash equivalents and restricted cashMore than one value recorded for this year — open the FDD source before comparing-$47
    2025cash, cash equivalents and restricted cash at end of year$202
    2025income taxes paid$16
    2025non-cash conversion of notes receivable$2
    2024non-cash interest expense$3
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$27,739
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$2,956
    2024net change in cash, cash equivalents and restricted cashMore than one value recorded for this year — open the FDD source before comparing$451
    2024total current liabilities$3,056
    2024royalties$92,783
    2024total member’s equity$37,964
    2024total liabilities$23,351
    2024advertising expensesMore than one value recorded for this year — open the FDD source before comparing$73,610
    2024other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$1,016
    2024total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$76,083
    2024due from member, net-$75,701
    2024changes in operating assets and liabilities receivables$308
    2024receivables, net$19,474
    2024other accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$824
    2024non-current restricted cash$20
    2024other intangible assets, net$576
    2024gross profit$375
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$1,791
    2024closure and impairment charges$9
    2024income tax provision-$25
    2024rental expenses$87
    2024(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing-$3
    2024net income available to common stockholders$63
    2024deferred income taxes-$7
    2024repurchase of common stock-$12
    2024cash flows used in financing activities-$52
    2024principal payments of finance lease and financing obligations-$6
    2024cash flows from investing activities principal receipts from notes, equipment contracts and other long-term receivables$12
    2024cash, cash equivalents and restricted cash at beginning of year$201
    2024income taxes paid$38
    2024respectively$984
    2024cash , cash equivalents and restricted cash at beginning of year$20,272
    2024cash , cash equivalents and restricted cash at end of year$20,723
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$61,315
    2024cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$1,223
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$42
    2024long - term restricted cash$19,500
    2024related party note receivable$3,500
    2024other non - current assets$732
    2024other accrued expensesMore than one value recorded for this year — open the FDD source before comparing$100
    2024long - term deferred revenue$20,295
    2024contributed capital$35,465
    2024retained earnings$401,657
    2024total liabilities and member's equity$61,315
    2024advertising fees$73,610
    2024franchise, development and other fees$4,444
    2024total franchise revenue s$170,837
    2024financing revenues$846
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$171,683
    2024bad debt expense$1,457
    2024financing expenses$107
    2024general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$22,269
    2024total costs and expenses$98,459
    2024other income, net$1,570
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$74,794
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$1,040
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing-$623
    2024cash flows provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$451
    2024cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$187
    2024restricted cash$42
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$39
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$2
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$386
    2024operating lease right-of-use assets$324
    2024goodwill$249
    2024property and equipment, net$156
    2024other non-current assets, net$45
    2024royalties, franchise fees and other$396
    2024advertising revenues$290
    2024total franchise revenues$686
    2024company-owned restaurant revenues$9
    2024rental revenues$117
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$812
    2024advertising expensesMore than one value recorded for this year — open the FDD source before comparing$295
    2024other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$45
    2024total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$340
    2024company-owned restaurant expenses$10
    2024total cost of revenues$437
    2024general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$197
    2024interest expense, net$72
    2024amortization of intangible assets$11
    2024income before income taxes$90
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$65
    2024total comprehensive income$65
    2024net income allocated to unvested restricted stock-$2
    2024basic earnings per share$4
    2024diluted earnings per share$4
    2024weighted average shares outstanding, basic$15
    2024depreciation and amortization$39
    2024weighted average shares outstanding, diluted$15
    2024non-cash stock-based compensation expense$16
    2024non-cash closure and impairment charges$9
    2024otherMore than one value recorded for this year — open the FDD source before comparing-$4
    2024receivables-$1
    2024(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing-$3
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$8
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing$5
    2024operating lease assets and liabilities-$13
    2024gift card receivables and payables-$1
    2024accounts payable and other accrued expenses-$7
    2024accrued interest payable-$0
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$3
    2024cash flows provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$108
    2024additions to property and equipment-$14
    2024additions to long-term receivables-$1
    2024acquisition of business, net of cash acquired-$9
    2024otherMore than one value recorded for this year — open the FDD source before comparing-$1
    2024cash flows used in investing activities-$9
    2024dividends paid on common stock-$31
    2024repurchase of restricted stock for tax payments upon vesting-$3
    2024net change in cash, cash equivalents and restricted cashMore than one value recorded for this year — open the FDD source before comparing$48
    2024supplemental disclosures interest paid$79
    2024non-cash conversion of notes receivable$3
    2023non-cash closure and impairment charges$4
    2023other non - current assets$136
    2023related party note receivable$10,500
    2023long-term restricted cash$19,500
    2023franchise revenues$160,692
    2023long-term deferred revenue$19,269
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$161,778
    2023retained earnings$326,863
    2023other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$2,079
    2023advertising expensesMore than one value recorded for this year — open the FDD source before comparing$69,010
    2023total current liabilities$3,866
    2023financing expenses$135
    2023total member’s equity$38,871
    2023total costs and expenses$96,318
    2023company-owned restaurant expenses$2
    2023other income, net$1,541
    2023general and administrative expenses$198
    2023rental expenses$88
    2023rental revenues$123
    2023income tax provision-$15
    2023advertising expensesMore than one value recorded for this year — open the FDD source before comparing$301
    2023closure and impairment charges$4
    2023weighted average shares outstanding, basic$15
    2023basic earnings per share$6
    2023diluted earnings per share$6
    2023depreciation and amortization$36
    2023non-cash interest expense$4
    2023accrued interest payable$1
    2023repurchase of common stock-$26
    2023(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing$2
    2023additions to long-term receivables-$1
    2023cash flows used in investing activities-$30
    2023acquisition of business, net of cash acquired-$0
    2023non-cash conversion of notes receivable$1
    2023cash$689
    2023receivables, net$20,245
    2023other current assets$15
    2023total current assets$21,032
    2023long-term receivables, net$10,838
    2023total assets$62,006
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$2,942
    2023other accrued expenses$924
    2023total liabilities$23,135
    2023contributed capital$35,465
    2023financing revenues$1,086
    2023bad debt expense$2,241
    2023total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$73,330
    2023royalties, franchise fees and other$406
    2023advertising revenues$301
    2023total franchise revenues$706
    2023company-owned restaurant revenues$2
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$831
    2023other franchise expensesMore than one value recorded for this year — open the FDD source before comparing$43
    2023total franchise expensesMore than one value recorded for this year — open the FDD source before comparing$344
    2023total cost of revenues$434
    2023gross profit$397
    2023interest expense, net$70
    2023amortization of intangible assets$11
    2023income before income taxes$112
    2023net income$97
    2023(gain) loss on disposition of assetsMore than one value recorded for this year — open the FDD source before comparing$2
    2023total comprehensive income$97
    2023net income allocated to unvested restricted stock-$2
    2023net income available to common stockholders$95
    2023weighted average shares outstanding, diluted$15
    2023non-cash stock-based compensation expense$12
    2023deferred income taxes-$14
    2023otherMore than one value recorded for this year — open the FDD source before comparing-$4
    2023receivables$2
    2023prepaid expenses$3
    2023other assets$9
    2023operating lease assets and liabilities$7
    2023gift card receivables and payables$5
    2023accounts payable and other accrued expenses-$29
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$4
    2023cash flows provided by operating activities$131
    2023cash flows from investing activities principal receipts from notes, equipment contracts and other long-term receivables$9
    2023additions to property and equipment-$37
    2023otherMore than one value recorded for this year — open the FDD source before comparing-$1
    2023dividends paid on common stock-$32
    2023principal payments of finance lease and financing obligations-$6
    2023repurchase of restricted stock for tax payments upon vesting-$4
    2023cash flows used in financing activities-$225
    2023net change in cash, cash equivalents and restricted cash-$124
    2023cash, cash equivalents and restricted cash at beginning of year$325
    2023supplemental disclosures interest paid$74
    2023income taxes paid$28

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    BBBonchon Business and RestaurantBWBuffalo Wild WingsEggs Up GrillThe Melting Pot Restaurants, Inc.Bad Ass Coffee of HawaiiBBaskin-Robbins

    Head-to-head comparisons

    IHOP and International House of Pancakes vs Bonchon Business and RestaurantIHOP and International House of Pancakes vs Buffalo Wild WingsIHOP and International House of Pancakes vs Eggs Up Grill
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    At a glance

    Business history

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    Litigation disclosure

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    Agreement term

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    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 21 · PDF p. 136 · 2026 FDD

      Our summary: respectively — 2024

      “respectively 9,84 4”

      Note: PDF p.136 OCR splits $9,844 as “9,84 4.” The validator rejects that exact quote for the correction and rejects the visually restored quote as non-verbatim, so this correction cannot be saved.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.