IHOP vs Rhapsody's Franchise Comparison

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

Start-Up Costs and Fees
 
IHOP Franchise
Rhapsody's Franchise
Investment $414,866 - $3,374,043$565,000 - And Up
Franchise Fee $40,000 - $50,000$42,500 - $56,000
Royalty Fee 4.5%6%
Advertising Fee 3.5%1 - 3%
Year Founded 19582000
Year Franchised 19600
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


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

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

Training & Support
 
IHOP Franchise
Rhapsody's Franchise
Training -The training consists of a minimum of 3 months which is all done in an existing store level. A management competency program is strictly adhered to and will be accessed weekly.
Support --
Marketing --
Operations --

Expansion Plans
 
IHOP Franchise
Rhapsody's Franchise
US Expansion --
Canada Expansion --
International Expansion -Yes

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 Rhapsody's

FLAVOURS OF LIFE In February 2000, the Rhapsodys concept began with the basic notion of raising the bar in dining excellence and has since persevered toward a supremacy which is dynamic and full of life. Rhapsodys offers a natural ambiance which is lively yet effortless, simple yet delicious, stylish yet relaxed. Elegant decor and an extensive array of superior wines form part of the perfect backdrop for our superb culinary flair. There are many opportunities for further Rhapsodys venues and in this regard, our Directors welcome enquiries from suitable individuals and / or organizations who are interested in certain areas which do not overlap with any of our existing restaurants. Location is paramount to the success of any restaurant.Our criteria, demands a high traffic venue with good visibility to passing trade.In addition to this, a site should have acceptable access to secure parking. Should you have access to capital as well as experience and passion for the restaurant industry reach out for the Flavours of Life and send a short description of your interest to us on [email protected] and we will respond to your enquiry as soon as possible.