How Much Does it Really Cost to Open a Capriottis Sandwich Franchise? As one of the most well-known brands today, IHOP is recognized as the leader in Family dining . Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. Restaurant announces name change", "IHOP is opening a fast casual restaurant called 'Flip'd', "IHOP to acquire Applebee's for $1.9 billion", "IHOP, Applebee's parent to be renamed DineEquity", "Advance peek at world's first combo IHOP/Applebee's coming to Detroit", "World's first IHOP/Applebee's combo about to open in downtown Detroit", "Dine Brands International Continues Global Expansion with First IHOP Opening in Peru", "IHOP makes its way to San Diego Naval Base", "Love's, IHOP Express now open in Norfolk", "IHOP introduces new restaurant, Flip'd by IHOP, with faster service and Pancake Bowls", "IHOP's New Logo Smiles At You! We reviewed the larger franchise industry as well as selling price multiples for larger systems where more transaction data is available. 6 min read. Flip'd will include a menu serving pancake bowls, burgers, and fried chicken. largest ihop franchiseesproforce senior vs safechoice senior. [20], IHOP Express' first location opened in 2011; they are a quick service version of the chain offered at locations such as airports,[21] school campuses,[22] military food courts[23] and travel centers. . %PDF-1.7 % [6][7], The first prototype design for IHOP building was a steep-roofed A-frame building with a distinctive blue roof; the last such location to be built was completed in 1979. After successfully opening a Paris Baguette in the Detroit area, two longtime IHOP franchisees are now developing the brand in Kansas. . If youre looking to expand and diversify The largest of their multi-unit franchisees is Johnny Weber, who currently owns 56 Sport Clips locations. Take our 7-minute franchise quiz to find out if this breakfast chain is the right opportunity for you. per franchise being the average for the industry. 657 0 obj <> endobj 695 0 obj <>/Filter/FlateDecode/ID[<05079804464C4DB7B25A7A12B9883533><3ACB53BF075847C78303CE6EFAACAC77>]/Index[657 57]/Info 656 0 R/Length 168/Prev 1041142/Root 658 0 R/Size 714/Type/XRef/W[1 3 1]>>stream The breakfast food menu later expanded (especially in the 1980s) to include standard lunch and dinner items found in similar restaurant chains such as, Corporation announced the plan to acquire, in an all-cash transaction, valued at approximately, . When IHOP Average Unit Volume (AUV) is compared with this cost, it is still too high. Based on total unit count, [9], On July 16, 2007, IHOP Corporation announced a plan to acquire the bar-and-grill chain Applebee's in an all-cash transaction, valued at approximately US$2.1 billion. Children's. 174. Average Unit Volume (AUV) is compared with this cost, it is still too high. As weve mentioned above, at an average of $250,000 to $300,000 in franchisee total profits per year after reinvesting in business necessities, it can take 10 to 13 years to recoup your original investment. Based on the AUV for IHOP's franchise locations, . This is significantly lower than the midpoint investment of, Through a process called Sales Leaseback. The following costs are part of the upfront costs included in the initial investment for an IHOP. [11], Applebee's shareholders approved the acquisition with a 70% vote, which closed on November 29, 2007. also offers lunch and dinner options on its menu, even though its focus is mainly on breakfast foods. SYNERGY . Its worth noting that, unlike some other restaurant franchises, IHOP includes real estate and building fees in their estimated investment assessment, meaning that potential investors should take the inflated number above with a grain of salt compared to other franchises. IHOP has the franchise fee of up to $40,000, with total initial investment range of $90,000 to $200,000. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Remember that, while our information is as recent as possible. The total estimated investment ranges from $92,000 to $810,000. When it comes to serving our customers, IHOP and TA's missions and cultures align," Richards said. Another item worth noting is the net worth of $1.5 million and the liquid capital requirements. hbbd```b`` "@$[d"=@$0yD7{`O0DAdv $j`H WDz%H \b 3DZqPVO320)HC? endstream endobj startxref 0 %%EOF 713 0 obj <>stream Nets rally from down 28 to snap 4-game losing streak in Boston, ties franchise record for largest comeback. IHOP also provides franchise opportunities. Get Contact Details & Mailing List of IHOP Franchisees. More franchisees are leaving the business at an accelerating rate. In late 2007, the IHOP Corporation acquired Applebee's International, Inc. and created the largest full-service restaurant company in the world. Here, I offer an updated franchise guide and cost assessment to help you make informed decisions before investing. . [18] In 2019, IHOP began its foray into South America, opening three locations in Ecuador. TravelCenters of America Inc. signed the largest franchise deal in the history of IHOP in 2019. It is worth noting this international house of pancakes is genuinely international, although 1,679 of these stores are located within the United States. Or that franchisees franchise terms are up and they are not renewing it. With a liquid asset this high, the odds of a franchisee meeting the requirements without additional loans is unlikely unless you have a seriously impressive net worth and liquid capital. The company now stands as the third-largest family-style dining chain, just behind Denny's Corporation and Waffle House Inc. In fact, California is the state with the most IHOP restaurants as of with 223 locations. Click here to get a new food business case study with revenue numbers delivered each week. Summit Restaurant Group LLC, the nation's largest IHOP franchisee, said that an affiliate had acquired 50 franchised Applebee's Neighborhood Grill & Bar restaurants in Florida and the rights to . One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system. As rising wages and operating costs push chains to increase menu prices, consumers are trading down and seeking more value-focused dining options. Get the free daily newsletter read by industry experts. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. In 2007, IHOP purchased Applebee's International, and when the purchase was made, they changed their name from IHOP Corporation to DineEquity and moved the headquarters to California. Adenah Bayoh became the youngest IHOP franchise owner in history at 27. Cos. is the largest management-owned . [2][3], Franchising agreements with M.H. While the primary financial requirements to consider before starting a franchise are the initial base investment and franchise fee, I share other expenses that are worthy of consideration, such as the cost of outfitting a restaurant and hidden franchise fees you may not initially consider. Similarly, an example of a property from Triple Net Properties is below. Its also a good idea to reach out to at least a few former IHOP franchisees to find out why they left or were terminated from the franchise system. It is worth noting this international house of pancakes is genuinely international, although 1,679 of, these stores are located within the United States. IHOP also offers Express locations with a midpoint investment of $2,058,302. It also has been testing a smaller prototype, one that could fit in more urban and rural areas, according to Restaurant Business. A new IHOP franchise restaurant is under construction in the city, in the same plaza as the Playdium arcade. That is a midpoint investment of $3,621,252. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. The company has 1,841 locations in the Americas (United States, Canada, Mexico, Peru, Ecuador and Guatemala), the Middle East (United Arab Emirates, Kuwait, Saudi Arabia and Qatar) and the South Asian Subcontinent (India and Pakistan), including 161 that are owned by area licensees and 1,680 that are franchised. A valuable member of the IHOP family . Given the sluggish sales experienced across the casual dining sector any method of growth is worth trying, especially one that allows a casual brand to reach new consumers. Ultimately, FRED provides "an easy way to view and maintain all key attributes and relationships of the IHOP franchisees, their restaurants, and the . Alternative locations are becoming a prime strategy among branded restaurants to reach more customers, especially those on the go. [2][3] While many of its locations are open 24 hours a day, 7 days a week, the chain's minimum operating hours are 7:00a.m. to 10:00p.m.[5], Jerry Lapin, Al Lapin, and Albert Kallis founded International House of Pancakes in the Los Angeles, California area in 1958 with the help of Sherwood Rosenberg and William Kaye. The largest of their multi-unit franchisees is Johnny Weber, who currently owns 56 Sport Clips locations. IHOPs existing presence in TravelCentersis small, with only four restaurants open. This investment boasts an absolute NNN lease and is backed by one of the largest IHOP franchisees in the world with over 150 units. A number of executives from Applebee's voted against the offer. You have to pay this upfront fee when opening an IHOP franchise. Dine Brands chief executive Steve Joyce attributes the brands new growth opportunities to the companysbusiness model. That's why, 25 years ago at the age of 23 . Also, the quality of management and service at your Franchised Store are major factors. While IHOP's focus is on breakfast foods, it also offers . Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. Each year we work with FRANdata to compile a list of the country's largest multi-unit franchisee organizations. Lisa Jennings | Mar 30, 2011. does not make any financial representations about its franchises, so we are going to estimate Average Unit Volume (AUV) from their financials. [28] IHOP parodied the campaign the following year to promote a new hamburger that includes a pancake as an ingredient, jokingly stating that they would refer to their burgers as "pancakes" because people wanted IHOP to "stick to pancakes". This assumes no financial hurdles, relative business success, or location growth over time. The TA brand, a trusted hospitality leader in the industry and with consumers, shares the same values as IHOP when it comes to delivering an outstanding experience to guests on the go, Jay Johns, president of IHOP, said in a statement. Performing this action will delete your account. The company has 1,841 locations in the Americas, the Middle East, and the Indian Subcontinent, including 161 that are owned by area licensees and 1,680 that are franchised. Dine Brands Global, Inc. and Subsidiaries. The 41 locations represent the first IHOP restaurants managed by Sun Holdings, Inc. Sun has one of the largest restaurant franchisee portfolios in the U.S. with more than 1,000 locations under its . The company has over 1,250 restaurants, of which over 99 . Our nearest bus stop is Central Ave & Colonie Center - Colonie Station. For over 35 years, we've been the top rated restaurant management system! The most significant complaint about the IHOP franchise is the overwhelming cost of the initial investment. 18. Still interested in this breakfast concept? While the net worth is partially understandable due to the overall investment of starting an IHOP, the liquid cash requirements are higher than some of the other franchises weve analyzed, making it a significant barrier to entry. It's their entrepreneurial spirit and support that gives chains the staying power and reach to compete across the country and beyond. In that case, the average IHOP franchise owner can anticipate between $250,000 to $300,000 in profits per year. your own growing empire, seeing what the big guys are buying for their portfolios may help guide you in your choices. It now has more than 77,000 locations, nearly twice as many as the closest franchise to it in unit size (now McDonald's, formerly Subway). "The IHOP: Chain Goes Flat Out to Prove That It Serves More Than Just Pancakes", "Where did IHOP get its original name? Here are some of the advantages of investing in the IHOP franchise: Here are some of the challenges associated with starting an IHOP franchise location: IHOP is an expensive franchise with high upfront costs and a long-term turnaround. Candice.Jacobson@ihop.com, Internet Explorer presents a security risk. Each year we work with FRANdata to compile a list of the country's largest multi-unit franchisee organizations. New York City got him rehired, KFC is getting rid of 5 menu items but one fan favorite is finally coming back, Wagamamas Food Fight With Hedge Fund Is Delicious, Smart Mobility Data: The Essential Guide to US Retail Location Selection, What Diners Want: 5 Top Trends in the Restaurant Industry, Subway opens second headquarters with sandwich test station, How Wetzels Pretzels built a pipeline to reach 400 units this year, Tijuana Flats halves franchise fee, targets 50 openings by 2025. This is longer than other franchise opportunities. Get Directions Here. Order a stack of World-Famous Pancakes, the Breakfast Sampler, or one of our delicious omelettes near you. As required by contractor, architect, engineers, government, etc. For 60 years, the IHOP family restaurant chain has served our world-famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages - offering an affordable, everyday dining experience with warm and friendly service. Its unit growth also has been sluggish, increasing eight net new units during the quarter. While each IHOP location garners its customer complaints, from a franchise perspective, the initial cost of starting an IHOP compared to the limited profits is astronomical. [10] In the arrangement, Applebee's stock holders will receive $25.50 a share. The chain's largest individual shareholder, Applebee's director Burton "Skip" Sack, called the IHOP offer unfair to its shareholders and stated he planned to sue IHOP for a higher price be paid to him. That same year, IHOP announced plans to open a fast-casual restaurant, Flip'd by IHOP. [22], In 2019, IHOP announced plans to open a fast-casual restaurant, Flip'd by IHOP. The first restaurant opened at 4301 W. Riverside Drive in Burbank, California. Of course, check with a financial advisor before making any financial decisions or committing to a franchise. Nevertheless, compared to sales in both 2019 and 2020, this is a significant increase. Sun Holdings, Inc. was founded in 1997 by Guillermo Perales, starting with one Golden Corral unit, and funded by an SBA loan. Legal Notices | Privacy Policy, Franchise Leadership & Development Conference, Franchising Express Weekly Featured Franchises, Multi-Unit Franchisee Customer Experience Report, Multi-Unit Franchisee Service Brands Edition, BURGER KING, POPEYES LOUISIANA KITCHEN, ARBY'S, CICIS, GOLDEN CORRAL, KRISPY KREME, GNC, PIZZA HUT, WENDY'S, TACO BELL, LONG JOHN SILVER'S, EINSTEIN BROS. BAGELS, CHICK-FIL-A, SUBWAY, PAPA JOHN'S, PANDA EXPRESS, PIZZA HUT, QUIZNOS, TACO BELL, FRESHII, MOE'S SOUTHWEST GRILL, QDOBA, TIM HORTONS, WHICH WICH, CHILI'S, RAISING CANE'S, ERBERT & GERBERT'S, SBARRO, THE EXTREME PITA, KFC, STEAK N SHAKE, QUAKER STEAK & LUBE, THE COFFEE BEAN & TEA LEAF, WAHOO'S FISH TACO, RITA'S ITALIAN ICE, DUNKIN' DONUTS, COSI, MOOYAH, LA MADELEINE, PINKBERRY, DENNY'S, SUBWAY, CINNABON, WENDY'S, ARBY'S, TACO BELL, DQ TREAT, MOE'S SOUTHWEST GRILL, PIZZA HUT, CARVEL ICE CREAM SHOPPE, CHESTER'S, KFC, HOT STUFF PIZZA, BURGER KING, POPEYES LOUISIANA KITCHEN, TACO BELL, ARBY'S, EINSTEIN BROS. BAGELS, WING ZONE, PIZZA HUT, TACO JOHN'S, CHURCH'S CHICKEN, DENNY'S, DOMINO'S, GODFATHER'S PIZZA, SUBWAY, CHARLEYS PHILLY STEAKS, BLIMPIE, CINNABON, CAPTAIN D'S, EINSTEIN BROS. BAGELS, CHICK-FIL-A, PIZZA HUT, SUBWAY, TACO BELL, JAMBA JUICE, ERBERT & GERBERT'S, PAPA JOHN'S, UFOOD GRILL, BURGER KING, QUIZNOS, MOE'S SOUTHWEST GRILL, MCALISTER'S DELI, TIM HORTONS, BLIMPIE, HOT STUFF PIZZA, QDOBA, CHESTER'S, DQ TREAT, MRS. FIELDS, NATHAN'S FAMOUS, QUAKER STEAK & LUBE, THE COFFEE BEAN & TEA LEAF, TONY LUKES, A&W, GODFATHER'S PIZZA, SBARRO, BURGER KING, NATHAN'S FAMOUS, QUIZNOS, PIZZA HUT, THE GREAT AMERICAN BAGEL, CINNABON, POPEYES LOUISIANA KITCHEN, FAMOUS FAMIGLIA PIZZERIA, CHICK-FIL-A, KFC, PINKBERRY, RUBY'S DINER, TCBY, LA MADELEINE, STEAK N SHAKE, MIAMI GRILL, ATLANTA BREAD COMPANY, A&W, MANCHU WOK, BAJA FRESH, BLIMPIE, GODFATHER'S PIZZA, YEUNG'S LOTUS EXPRESS, PANDA EXPRESS, JACK IN THE BOX, DENNY'S, EL POLLO LOCO, CORNER BAKERY CAFE, SIZZLER, TGI FRIDAYS, DUNKIN' DONUTS, DUNKIN DONUTS/BASKIN-ROBBINS, PANERA BREAD, DQ GRILL & CHILL/TEXAS DQ, DQ TREAT, HARDEE'S, CARL'S JR., DUNKIN DONUTS, TACO BELL, POPEYES LOUISIANA KITCHEN, SUBWAY, TACO BELL, GODFATHER'S PIZZA, PIZZA HUT, BURGER KING, HOT STUFF PIZZA, WENDY'S, QUIZNOS, DQ GRILL & CHILL/TEXAS DQ, RITA'S ITALIAN ICE, TIM HORTONS, SUPER 8, NOBLE ROMAN'S PIZZA, SUBWAY, CHESTER'S, HARDEE'S, DQ TREAT, TACO JOHN'S, APEX RESTAURANT MANAGEMENT (AMPEX BRANDS), PAPA JOHN'S, EINSTEIN BROS. BAGELS, QUIZNOS, PANDA EXPRESS, SALSARITAS FRESH CANTINA, NATHAN'S FAMOUS, MOE'S SOUTHWEST GRILL, JAMBA JUICE, TACO BELL, TIM HORTONS, WENDY'S, DENNY'S, BURGER KING, PINKBERRY, SBARRO, UNO DUE GO, BOJANGLES', CHILI'S, ILLY, TOSSED, SMASHBURGER, IHOP, COSI, JASON'S DELI, TACO BELL, LONG JOHN SILVER'S, A&W, KFC, BURGER KING, CHILI'S, CHURCHS CHICKEN, LONG JOHN SILVERS, HARDEES, A&W, ARBY'S, CHURCH'S CHICKEN,SEARS OUTLET & APPLIANCE STORES, LITTLE CAESARS, JACK IN THE BOX, TGI FRIDAYS, SIZZLER, CELEBRATION RESTAURANT GROUP/CFL PIZZA/BRAVO FOODS, SUBWAY, LITTLE CAESARS, DQ TREAT, DQ GRILL & CHILL/TEXAS DQ, CHURCH'S CHICKEN, NOBLE ROMAN'S PIZZA, HOT STUFF PIZZA, SUBWAY, GREAT AMERICAN COOKIES, MOOYAH , PRETZELMAKER, TCBY, TWISTERS, DUNKIN' DONUTS, DUNKIN' DONUTS/BASKIN-ROBBINS. IHOP competes in the Breakfast market against big brand companies such as McDonalds. As of 2017, the company operates 1671 franchises in the United States and 115 ones outside the country. This Albany breakfast restaurant is located at 16 Wolf Rd, Albany 12205 near the intersection of Wolf Rd and Adirondack Northway. Franchisees are the backbone of the quick-service restaurant industry. Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both Applebee's Neighborhood Grill + Bar and IHOP brands. All Rights Reserved. Pizza Hut, Wendy's. $631 mil. The franchisee then keeps operating the franchise under a lease agreement. h p / EYE-hop; acronym for International House of Pancakes) is an American multinational pancake house restaurant chain that specializes in American breakfast foods. The third quarter of 2019 marked IHOPs seventh consecutive quarter of positive sales growth. In this section, I look at the financial requirements for starting an IHOP restaurant and the total costs for creating and maintaining the business. Suppose you estimate around 85% of total profits going back to sustaining the business, especially considering the royalty fees associated with IHOP branding. Exclusive franchise opportunities development throughout the United States, as well as select international markets and non- traditional venues. [10] IHOP stated it would franchise most of Applebee's 500 company-owned facilities. IHOP is an established brand in the US market, but its cost is just too high at this point. APPLEBEES, ARBYS, TACO BELL, PANERA BREAD, BURGER KING, POPEYES LOUISIANA KITCHEN, ARBYS, CICIS, GOLDEN CORRAL, GNC, ARBYS, KRISPY KREME, TACO BUENO, T-MOBILE, MCALISTERS DELI, 3 AIRPORT, BURGER KING, POPEYES LOUISIANA KITCHEN, LA MADELEINE FRENCH BAKERY CAF, CHICK-FIL-A, EINSTEIN BROS. BAGELS, SUBWAY, PANDA EXPRESS, OATH PIZZA, WHICH WICH, DUNKIN, PAPA JOHNS, PIZZA HUT, MOES SOUTHWEST GRILL, STEAK N SHAKE, FRESHII, JAMBA JUICE, QDOBA MEXICAN EATS, TACO BELL, CHILIS, TIM HORTONS, ERBERT & GERBERTS, MCALISTERS DELI, MOOYAH, QUAKER STEAK & LUBE, QUIZNOS, WENDYS, CARIBOU COFFEE, KFC, PJS COFFEE OF NEW ORLEANS, BURGERFI, COSI, DUNN BROTHERS COFFEE, PANERA BREAD, THE EXTREME PITA, BEEF O BRADYS, DENNYS, FIREHOUSE SUBS, IHOP, LA MADELEINE FRENCH BAKERY CAF, NATHANS FAMOUS, PINKBERRY, THE COFFEE BEAN & TEA LEAF, WAHOOS FISH TACO, WINGSTOP, SUBWAY, CINNABON, WENDYS, DUNKIN, ARBYS, DQ TREAT, TACO BELL, MOES SOUTHWEST GRILL, PIZZA HUT, HOT STUFF PIZZA, KFC, CARVEL, IHOP, SUBWAY, BURGER KING, CHARLEYS, POPEYES LOUISIANA KITCHEN, TACO BELL, ARBYS, EINSTEIN BROS. BAGELS, QDOBA MEXICAN EATS, MANCHU WOK, BASKIN-ROBBINS, DUNKIN, BLIMPIE, WING ZONE, PIZZA HUT, TACO JOHNS, DENNYS, SLIM CHICKENS, SUBWAY, DUNKIN, TACO JOHNS, CHESTERS, GODFATHERS PIZZA, HARDEES, IHOP, ARBYS, DQ TREAT, WENDYS, CHILIS, FAZOLIS, GOLDEN CORRAL, BLAZE PIZZA, KFC, PIZZA HUT, LONG JOHN SILVERS, TIM HORTONS, A&W, TACO BELL, LITTLE CAESARS, SIZZLER, WINGSTOP, DUNKIN, BASKIN-ROBBINS, RED ROBIN, JACK IN THE BOX, DENNYS, TGI FRIDAYS, SIZZLER, EL POLLO LOCO, CORNER BAKERY CAFE, EINSTEIN BROS. BAGELS, SUBWAY, BLIMPIE, PAPA JOHNS, PANDA EXPRESS, DUNKIN, MOES SOUTHWEST GRILL, PIZZA HUT, JAMBA JUICE, SALSARITAS FRESH MEXICAN GRILL, SMASHBURGER, STEAK N SHAKE, TACO BELL, CARIBOU COFFEE, PJS COFFEE OF NEW ORLEANS, WENDYS, WHICH WICH, QUIZNOS, TIM HORTONS, BURGER KING, CHILIS, ERBERT & GERBERTS, FRESHII, ILLY, MARCOS PIZZA, NATHANS FAMOUS, SBARRO, BASKIN-ROBBINS, BEN & JERRYS, BOJANGLES, CALIFORNIA TORTILLA, DENNYS, FREDDYS FROZEN CUSTARD & STEAKBURGERS, IHOP, JASONS DELI, JOHNNY ROCKETS, KFC, PITA PIT, PLANET SMOOTHIE, POPEYES LOUISIANA KITCHEN, SLIM CHICKENS, POPEYES LOUISIANA KITCHEN, GODFATHERS PIZZA, SUBWAY, TACO BELL, BURGER KING, DUNKIN, ARBYS, FAZOLIS, A&W, FUDDRUCKERS, WENDYS, BLACK BEAR DINER, CHARLEYS PHILLY STEAKS, BASKIN-ROBBINS, CARLS JR., CHESTERS, DQ GRILL & CHILL, HOT STUFF PIZZA, SUPER 8 BY WYNDHAM, TACOTIME, EINSTEIN BROS. BAGELS, CHICK-FIL-A, PIZZA HUT, DUNKIN, JAMBA JUICE, ERBERT & GERBERTS, QDOBA MEXICAN EATS, TACO BELL, PAPA JOHNS, STEAK N SHAKE, BURGER KING, BAJA FRESH, HOT STUFF PIZZA, COSI, GODFATHERS PIZZA, SMOOTHIE KING, THE HABIT BURGER GRILL, TIM HORTONS, DENNYS, MOOYAH, QUIZNOS, SBARRO, WHICH WICH, SUBWAY, MOES SOUTHWEST GRILL, MCALISTERS DELI, BASKIN-ROBBINS, BLAZE PIZZA, DQ TREAT, PANERA BREAD, TIM HORTONS, GARBANZO MEDITERRANEAN FRESH, CARIBOU COFFEE, CHESTERS, THE COFFEE BEAN & TEA LEAF, SUBWAY, BLIMPIE, HOT STUFF PIZZA, CHURCHS CHICKEN, HARDEES, DQ TREAT, DQ GRILL & CHILL, HUDDLE HOUSE, NOBLE ROMANS, CHEVRON, TEXACO, BURGER KING, SBARRO, POPEYES LOUISIANA KITCHEN, QUIZNOS, CHILIS, ROY ROGERS, NATHANS FAMOUS, PIZZA HUT, CHICK-FIL-A, FAMOUS FAMIGLIA PIZZERIA, GREAT STEAK, SMASHBURGER, MANCHU WOK, PANDA EXPRESS, JOHNNY ROCKETS, LA MADELEINE FRENCH BAKERY CAF , PINKBERRY, A&W, BLAZE PIZZA, BLIMPIE, BURGERFI, CARLS JR., EINSTEIN BROS. BAGELS, FIREHOUSE SUBS, GODFATHERS PIZZA, THE COFFEE BEAN & TEA LEAF, THE COUNTER, UNA MAS MEXICAN GRILL, BAJA FRESH, BURGER 21, KELLYS CAJUN GRILL, PACIUGO GELATO & CAFF, YEUNGS LOTUS EXPRESS, HILTON GARDEN INN, COURTYARD BY MARRIOTT, HAMPTON INN BY HILTON, HOMEWOOD SUITES BY HILTON, RESIDENCE INN BY MARRIOTT, SPRINGHILL SUITES BY MARRIOTT, FAIRFIELD BY MARRIOTT, TOWNEPLACE SUITES BY MARRIOTT, HOME2 SUITES BY HILTON, EMBASSY SUITES BY HILTON, MARRIOTT HOTELS, TACO BELL, KFC, A&W, PIZZA HUT, LONG JOHN SILVERS, TACO BELL, PIZZA HUT, STEAK N SHAKE, KFC, LONG JOHN SILVERS, APPLEBEES, PANERA BREAD, NOODLES & COMPANY, EL POLLO LOCO, WENDYS, KRISPY KREME, DENNYS, ARBYS, LITTLE CAESARS, CHURCHS CHICKEN, JACK IN THE BOX, Multi-Unit Franchisee Magazine: Issue 1, 2020.