iHOP: What You Might Not Know
The name “iHop” is a play-off of the word “hop.” The restaurant was named after its signature dish, which features pancake batter that includes malt. A restaurant chain that started in the United States, iHop is now global with locations worldwide. What are some things you might not know about this breakfast hotspot? Read on to find out!
How It Started
The first IHOP restaurant opened in Toluca Lake, California, in 1958. The idea for the restaurant was conceived by Al and Jerry Lapin, who was looking to create a place where everyone could get a good breakfast all day long.
History of the IHOP Franchise
In 1973, iHop opened its first franchised location in Toluca Lake, California. In 2007, there were around 400 locations that had been franchised, and by 2015 this number had grown to over 750! As of 2017, it is reported that approximately 60% of all U.S. franchise restaurants are under the ownership of independent operators, with 90% percent located within 20 miles from a company-owned restaurant or an area where another franchisee already operates one (iHop).
Who Owns It Today?
Dine Brands Global is the parent company currently responsible for running iHop and other restaurant chains like Applebee’s and Maggiano’s Little Italy. The founders’ children continue to play a role in the company as well.
What’s on the Menu?
While pancakes are a fan favorite, there are plenty of other items to choose from at IHOP. You can order breakfast classics like eggs, bacon, and sausage or venture into more creative options like French toast, waffles, and omelets. There are also sandwiches, burgers, salads, and desserts available for those not in the mood for breakfast foods.
iHop in Other Countries
While most IHOP restaurants are located in the United States, a few are scattered around other parts of the world. There are locations in Bahrain, Canada, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Panama, and Puerto Rico.
Finances & Employment
In 2016, Dine Brands Global (the current parent company of iHop) reported that their net income was $64.0 million on total revenue of $956.0 million. This represents a decrease in net income from the previous year, where they earned $101.0 million on revenue of $952.0 million. As of 2017, iHop employs around 37,000 people worldwide, with over 27,000 working in the United States alone.
Did You Know?
The iHop in Times Square is the largest restaurant in New York City and has a seating capacity of 400 people. It also holds the title for most giant Pancake ever, measuring at over six feet wide! The Pancake required 700 eggs, 40 gallons of milk, and 100 pounds of flour to make (iHop).
10 Facts About IHOP
- Since its inception, iHop has served over three billion pancakes and over two billion eggs. This amounts to enough food to circle the earth nearly seven times!
- The pancakes at iHop are more significant than the average-sized Pancake you might order elsewhere. They measure about 20 inches in diameter and three-quarters of an inch thick!
- There are over 750 company-owned or franchised restaurants located throughout the world, including around 60% of all U.S.-based franchise locations owned by independent operators, with 90% percent of these being located within 20 miles from an existing restaurant.
- IHOP stands for International House of Pancakes, while what is now known as Dine Brands Global was formerly called off their signature menu item “The Big two original pancakes when ordering the meal.
- The iHop location in Times Square is the largest restaurant in New York City and has a seating capacity of 400 people.
- The pancake batter at iHop includes a special malt ingredient that gives the pancakes their unique flavor and texture.
- IHOP was started by Al and Jerry Lapin in 1958. The brothers were originally from Maine but moved to California. They decided to open a small pancake restaurant with $600 of their own money and another $100 borrowed from an aunt (iHop).
- The brothers had initially been met with the franchisee who ran what is now known as Dine Brands Global but decided to turn them down because they weren’t interested in having a partner.
- The iHop in Times Square stays open 24 hours a day, seven days a week! And also offers breakfast like every other branch all day long so that you can order your favorite dishes at any time of the day or night!
- IHOP is the world’s largest purchaser of pure maple syrup, with over one million gallons purchased each year!
Acquisition of Applebee’s
On July 16, 2007, IHOP Corporation announced its intention to acquire Applebee’s restaurants in an all-cash transaction worth about $2.1 billion. Stockholders of Applebee’s will get $25.50 per share in the deal. IHOPE stated that it would franchise the majority of Applebee’s 500 company-owned locations. At the time, there were 1,943 Applebee’s restaurants spread across the globe, including those run by franchisees.
On November 29, 2007, Applebee’s shareholders approved the acquisition with a 70% vote. Several executives from Applebee’s voted against the offer. The chain’s biggest individual shareholder, Applebee’s director Burton “Skip” Sack, criticized IHOP’s offer as unfair to its investors and said he planned to take IHOW to court to obtain a higher price. A brand remarketing plan and image revitalization were part of the deal as part of the refurbishment.
On November 29, 2007, the acquisition was completed, and IHOP’s name was changed to DineEquity. In mid-2018, a franchisee launched a hybrid Applebee’s/IHOP restaurant in downtown Detroit.
For the past 58 years, IHOP has been a leader, innovator, and authority on all things breakfast at any time of day. The chain offers 65 distinct signature, fresh, made-to-order breakfast dishes as well as low-calorie meals. With warm and caring service, IHOP restaurants offer guests an inexpensive everyday dining experience.
There are currently more than 1,700 IHOP restaurants in the world, including locations in all the 50 states & Puerto Rico, The District of Columbia, and Guam as well as Canada, Mexico, Guatemala, Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, The Philippines, and Panama. DineEquity Inc. (NYSE: DIN) and its affiliates own and operate IHOP restaurants through franchising.
We hope you’ve enjoyed this little bit of history on IHOP and what you might not know about the breakfast institution. Check out our other blogs by Pro Travel Blogs posts for more information on many interesting topics!