10k Research Report Ihop
10 K Research Report
FIN 400
IHOP CORPORATION The first International House of Pancakes ("IHOP") restaurant opened in 1958 in Toluca Lake, California. IHOP was incorporated under the laws of the State of Delaware in 1976. The company has intense growth plan. In November 2007, IHOP Corp. completed the acquisition of Applebee’s International, Inc. (Applebee’s) which became a wholly-owned subsidiary of the company. The IHOP Corp 10K is larger than in years past due to this acquisition. The primary reason for the Applebee 's acquisition was to add a growth vehicle in the casual dining segment of the restaurant industry. IHOP Corp. attribute the goodwill associated with the transaction to the long-term historical performance and the anticipated future performance of Applebee 's. IHOP and Applebee’s combined has one of the largest full-service restaurant companies in the world. IHOP Corp. develops franchises and operates IHOP restaurants, a well known family restaurant chain. As of December 31, 2007, there were a total of 1,344 IHOP restaurants of which 1,176 were subject to franchise agreements, 157 were subject to area license agreements and 11 were company-operated restaurants. In January 2003 IHOP constructed a “New Business Model”, in which a potential franchisee first enters into a single store development agreement or a multi-store development agreement and, upon completion of a prescribed approval procedure, is primarily responsible for the initial development and financing of the new IHOP franchised restaurant. In 2007, IHOP entered into 30 franchise development agreements. As of December 31, 2007, they had signed commitments from our franchisees to build 347 IHOP restaurants over the next several years plus options for an additional 98 restaurants.
Applebee’s franchise and operate restaurants in the bar and grill segment of the casual dining industry. With 1,976 system-wide restaurants as of December 31, 2007, Applebee 's Neighborhood Grill & Bar is
FIN 400
IHOP CORPORATION The first International House of Pancakes ("IHOP") restaurant opened in 1958 in Toluca Lake, California. IHOP was incorporated under the laws of the State of Delaware in 1976. The company has intense growth plan. In November 2007, IHOP Corp. completed the acquisition of Applebee’s International, Inc. (Applebee’s) which became a wholly-owned subsidiary of the company. The IHOP Corp 10K is larger than in years past due to this acquisition. The primary reason for the Applebee 's acquisition was to add a growth vehicle in the casual dining segment of the restaurant industry. IHOP Corp. attribute the goodwill associated with the transaction to the long-term historical performance and the anticipated future performance of Applebee 's. IHOP and Applebee’s combined has one of the largest full-service restaurant companies in the world. IHOP Corp. develops franchises and operates IHOP restaurants, a well known family restaurant chain. As of December 31, 2007, there were a total of 1,344 IHOP restaurants of which 1,176 were subject to franchise agreements, 157 were subject to area license agreements and 11 were company-operated restaurants. In January 2003 IHOP constructed a “New Business Model”, in which a potential franchisee first enters into a single store development agreement or a multi-store development agreement and, upon completion of a prescribed approval procedure, is primarily responsible for the initial development and financing of the new IHOP franchised restaurant. In 2007, IHOP entered into 30 franchise development agreements. As of December 31, 2007, they had signed commitments from our franchisees to build 347 IHOP restaurants over the next several years plus options for an additional 98 restaurants.
Applebee’s franchise and operate restaurants in the bar and grill segment of the casual dining industry. With 1,976 system-wide restaurants as of December 31, 2007, Applebee 's Neighborhood Grill & Bar is