IHOP and International House of Pancakes

Source filing: WI · filed 2026-03-27

Item 5 — Initial franchise fee

$50,000 [p.19 · WI · 2026-03-27]

Item 6 — Recurring fees (royalty & advertising)

RoyaltySee FDD [p.21 · WI · 2026-03-27]
National Advertising FeeSee FDD [p.21 · WI · 2026-03-27]
Local Advertising FeeSee FDD [p.21 · WI · 2026-03-27]
Cooperative AdvertisingSee FDD [p.21 · WI · 2026-03-27]

Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.

Item 7 — Estimated initial investment (total)

$1,907,682 [p.28 · WI · 2026-03-27] $3,329,845 [p.28 · WI · 2026-03-27]

Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.

Item 20 — Outlets

Franchised outlets at start of year1,655 [p.68 · WI · 2026-03-27]
Franchised outlets at end of year1,630 [p.68 · WI · 2026-03-27]
Net change in franchised outlets-25 [p.68 · WI · 2026-03-27]
Transfers69 [p.71 · WI · 2026-03-27]
Terminations0 [p.77 · WI · 2026-03-27]
Non-renewals9 [p.77 · WI · 2026-03-27]
Ceased operations (other)39 [p.77 · WI · 2026-03-27]
Company-owned outlets at end of year12 [p.68 · WI · 2026-03-27]

Item 19 — Financial performance representation

Headline cohort

Traditional Franchised Restaurants by Prototype - Freestanding · January 1, 2024 to December 29, 2024

Outlets in sampleAverageMedianHighLow
1,275 [p.67 · WI · 2026-03-27] $2,072,457 [p.67 · WI · 2026-03-27] $1,970,976 [p.67 · WI · 2026-03-27] $6,869,865 [p.67 · WI · 2026-03-27] $485,865 [p.67 · WI · 2026-03-27]

All disclosed cohorts (14)

CohortOutletsAverageMedianHighLow
Traditional Franchised Restaurants by Region - Northeast
January 1, 2024 to December 29, 2024
178 [p.66 · WI · 2026-03-27] $2,290,697 [p.66 · WI · 2026-03-27] $2,230,534 [p.66 · WI · 2026-03-27] $5,274,280 [p.66 · WI · 2026-03-27] $793,352 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - West
January 1, 2024 to December 29, 2024
426 [p.66 · WI · 2026-03-27] $2,210,162 [p.66 · WI · 2026-03-27] $2,040,902 [p.66 · WI · 2026-03-27] $6,869,865 [p.66 · WI · 2026-03-27] $485,865 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - South
January 1, 2024 to December 29, 2024
630 [p.66 · WI · 2026-03-27] $2,028,953 [p.66 · WI · 2026-03-27] $1,943,961 [p.66 · WI · 2026-03-27] $4,911,942 [p.66 · WI · 2026-03-27] $574,131 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - Midwest
January 1, 2024 to December 29, 2024
228 [p.66 · WI · 2026-03-27] $1,706,024 [p.66 · WI · 2026-03-27] $1,562,461 [p.66 · WI · 2026-03-27] $5,420,102 [p.66 · WI · 2026-03-27] $632,683 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - Northeast
December 30, 2024 to December 28, 2025
180 [p.66 · WI · 2026-03-27] $2,286,794 [p.66 · WI · 2026-03-27] $2,176,716 [p.66 · WI · 2026-03-27] $5,379,203 [p.66 · WI · 2026-03-27] $819,311 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - West
December 30, 2024 to December 28, 2025
423 [p.66 · WI · 2026-03-27] $2,127,026 [p.66 · WI · 2026-03-27] $1,984,987 [p.66 · WI · 2026-03-27] $6,701,374 [p.66 · WI · 2026-03-27] $449,482 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - South
December 30, 2024 to December 28, 2025
624 [p.66 · WI · 2026-03-27] $1,984,978 [p.66 · WI · 2026-03-27] $1,922,820 [p.66 · WI · 2026-03-27] $4,996,683 [p.66 · WI · 2026-03-27] $375,921 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Region - Midwest
December 30, 2024 to December 28, 2025
236 [p.66 · WI · 2026-03-27] $1,672,423 [p.66 · WI · 2026-03-27] $1,551,817 [p.66 · WI · 2026-03-27] $5,188,270 [p.66 · WI · 2026-03-27] $287,791 [p.66 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - Freestanding
January 1, 2024 to December 29, 2024
1,275 [p.67 · WI · 2026-03-27] $2,072,457 [p.67 · WI · 2026-03-27] $1,970,976 [p.67 · WI · 2026-03-27] $6,869,865 [p.67 · WI · 2026-03-27] $485,865 [p.67 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - In-line
January 1, 2024 to December 29, 2024
59 [p.67 · WI · 2026-03-27] $1,998,129 [p.67 · WI · 2026-03-27] $1,901,639 [p.67 · WI · 2026-03-27] $3,955,328 [p.67 · WI · 2026-03-27] $632,683 [p.67 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - Endcap
January 1, 2024 to December 29, 2024
128 [p.67 · WI · 2026-03-27] $2,001,677 [p.67 · WI · 2026-03-27] $1,801,955 [p.67 · WI · 2026-03-27] $5,375,934 [p.67 · WI · 2026-03-27] $574,131 [p.67 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - Freestanding
December 30, 2024 to December 28, 2025
1,271 [p.67 · WI · 2026-03-27] $2,023,009 [p.67 · WI · 2026-03-27] $1,953,332 [p.67 · WI · 2026-03-27] $6,701,374 [p.67 · WI · 2026-03-27] $375,921 [p.67 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - In-line
December 30, 2024 to December 28, 2025
54 [p.67 · WI · 2026-03-27] $1,978,316 [p.67 · WI · 2026-03-27] $1,905,551 [p.67 · WI · 2026-03-27] $3,721,422 [p.67 · WI · 2026-03-27] $550,370 [p.67 · WI · 2026-03-27]
Traditional Franchised Restaurants by Prototype - Endcap
December 30, 2024 to December 28, 2025
138 [p.67 · WI · 2026-03-27] $1,931,884 [p.67 · WI · 2026-03-27] $1,715,013 [p.67 · WI · 2026-03-27] $5,379,203 [p.67 · WI · 2026-03-27] $287,791 [p.67 · WI · 2026-03-27]
“Some outlets have earned these amounts. Your individual results may differ. There is no assurance that you will earn as much.” [p.67 · WI · 2026-03-27]

Extraction notes