Restaurants & Food Service · Breakfast, Brunch & Diners
IHOP Franchises for Sale
A full-service, sit-down family restaurant anchored by pancakes and a broad breakfast, lunch and dinner menu. A seven-figure build with a lease-linked term that typically runs 20 years.
Brand Performance Snapshot
Franchised and company-owned unit counts for 2023 through 2025, as reported in the franchisor's FDD.
Existing IHOP Franchises for Sale
Operating IHOP territories listed for sale by their owners or brokers, reviewed before publishing.
Existing territories come up for sale as owners retire or relocate. Tell us where you're looking and we'll email you when an IHOP resale is verified and published.
IHOP Franchise Model Overview
IHOP restaurants are full-service, sit-down family restaurants built around pancakes and a broad breakfast, lunch and dinner menu, with many units running extended or around-the-clock hours. This is a seven-figure, real-estate-heavy operation: a freestanding prototype or an inline, endcap or conversion space with a full kitchen, dining room, hourly servers and cooks, and a management layer on top. Each restaurant must have two IHOP-trained Certified Leaders; the owner can be one of them or hire both, so ownership with approved managers in place is possible. Royalty is mid-single digits with a separate national advertising fee, and there is currently no required local advertising spend. The franchise term tracks the lease and is typically 20 years, with renewal conditioned on a refurbishment and a new agreement. The system is mature and essentially flat, holding around 1,650 franchised traditional units for three years with a slight recent dip, and the franchisor took 12 restaurants company-owned in 2025. Florida units are run by a subfranchisor.
Ideal owner profile
Investment Snapshot
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Brand information on this page — including unit counts, fees, and investment ranges — was compiled by Verified Franchise Resales from the brand's most recent Franchise Disclosure Document and has not been independently verified. Verified Franchise Resales is an independent marketplace and is not affiliated with, endorsed by, or sponsored by IHOP. Prospective buyers should obtain and review the current FDD, consult qualified legal and financial advisors, and confirm all terms before responding. This page is for informational purposes only and is not an offer to sell or a solicitation to buy a franchise; offers are made only through the FDD in applicable jurisdictions. Read VFR’s Terms of Use before responding to any franchise.