IHOP vs Chez Cora Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of IHOP vs Chez Cora including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
IHOP Franchise
Chez Cora Franchise
Investment $414,866 - $3,374,043$591,000 - $883,500
Franchise Fee $40,000 - $50,000$45,000
Royalty Fee 4.5%6%
Advertising Fee 3.5%3%
Year Founded 19581987
Year Franchised 19601993
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
IHOP Franchise
Chez Cora Franchise
Experience --

Financing Options
 
IHOP Franchise
Chez Cora Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
IHOP Franchise
Chez Cora Franchise
Training -Six to seven week training program theoretical and practical
Support -The main function of the Franchisor is to assist the franchise system. This means providing ongoing phone calls, restaurant visits and coaching to ensure all Cora's systems, specifications and standards are in place to drive consistent operations and profitable sales.
Marketing --
Operations -We require owner/operators.

Expansion Plans
 
IHOP Franchise
Chez Cora Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About IHOP

The IHOP restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 57 years. IHOP enjoys a rich heritage and almost universal awareness. Our brand has been built upon the strenght of our franchisees, vendors partners and dedicated employees. IHOP restaurants are franchised and operate by Glendale, California based IHOP Corp. There are over 1,280 IHOP restaurants in the U.S. and Canada.

The total investment necessary to begin operation of an IHOP franchise at a non-traditional venue is as follows:
  • Full-Service Program: $693,266 to $3,374,043
  • IHOP Limited-Service Program: $414,866 to $1,427,418
This includes Initial Fees of $39,000 to $79,480 per Full-Service Restaurant and $23,500 to $48,480 per IHOP Limited-Service Restaurant to be developed which must be paid to the Franchisor or an IHOP Affiliate.

""


About Chez Cora

"Queen of Quebec Breakfasts."

Cora, an enterprising businesswoman with eight thriving restaurants, had yet another recipe for success. Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants. For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unerring drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her foray into franchising. In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many customers as possible.  Cora's offers: