IHOP vs Waffy's Franchise Comparison

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

Start-Up Costs and Fees
 
IHOP Franchise
Waffy's Franchise
Investment $414,866 - $3,374,043$116,680 - $310,000
Franchise Fee $40,000 - $50,000$30,000
Royalty Fee 4.5%6%
Advertising Fee 3.5%2%
Year Founded 1958-
Year Franchised 1960-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
IHOP Franchise
Waffy's Franchise
Experience --

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

Training & Support
 
IHOP Franchise
Waffy's Franchise
Training -

Using a combination of classroom and on-the-job instruction, you'll be trained in all aspects of the Waffy's franchise: business operations, administrative procedures, customer service, food preparation techniques, sales, and more. As you prepare to open your store, an experienced trainer will be on hand to help you get off to a good start.
Support -

Operations Manual. Every aspect of the Waffy's franchise is laid out for you in this comprehensive guidebook. In addition to serving as a valuable reference tool, you'll use this manual to help train your managers. Site Selection. You'll receive guidelines for choosing an appropriate location for your Waffy's franchise. Comprehensive Web-based support system. Waffy's offers a high level of support services through its password protected franchise Web portal system which provides: Online training videos and "how-to" tutorials Online ordering from suppliers Management tools (forms, break-even analysis spreadsheets) Calendar for critical dates reminder Communication board (with Waffy's team & among franchisees) Ongoing Service and Support. As a valued member of our franchise family, you will receive continuing support and guidance. We're available by phone or email to address any questions or concerns and a Waffy's field representative will periodically visit your store.

Marketing -

We'll share our expertise with you in promoting the Waffy's concept, which includes providing you with marketing and advertising materials and strategies.
Operations --

Expansion Plans
 
IHOP Franchise
Waffy's 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.

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About Waffy's

Owning a Waffy's franchise puts you on the ground floor of an exciting new concept with broad appeal.
Waffy's has developed an easy to operate franchise model incorporating the best practices of franchise systems and procedures garnered from years of franchise experience that are capable of producing strong unit economics.Waffy's offers a large array of unique, artisanal Belgian waffle products that can be enjoyed at any time of the day. Waffy's uses only fresh wholesome ingredients and follows the best European baking techniques. Waffy's is an attractive concept because its business model is streamlined and simple to operate. Minimum or no food experience required. Most of the equipment is automated, reducing labor costs. Easy to use and highly robust POS system, helps control inventory, manage schedules and run financial reports.Waffy's offers you a choice of three flexible, affordable franchise models to accommodate your location and budgets: an in-line store, mall food court and kiosk. In addition, Waffy's also offers you the ability to extend your sales off-site via Catering and Mobile Food Cart.Waffy's offers a lower cost of entry compared to similar concepts, combined with strong unit economics, which allows a faster return on investment.