FDD Year-over-Year Comparison
IHOP FDD: What Changed from 2025 to 2026
The 2026 IHOP FDD moves the Item 7 estimated initial investment range from $80,000–$600,000 to $1,907,682–$3,329,845, and the system contracts from 1,703 to 1,642 outlets year-over-year. Both filings include an Item 19 financial performance representation.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change |
|---|
| Low end of range | $80,000 | $1,907,682 | +$1,827,682 (+2284.6%) |
| High end of range | $600,000 | $3,329,845 | +$2,729,845 (+455.0%) |
| Full range | $80,000–$600,000 | $1,907,682–$3,329,845 | |
The 2026 filing puts the Item 7 estimated initial investment at $1,907,682–$3,329,845, versus $80,000–$600,000 in the 2025 filing. The low end moves by +$1,827,682 (+2284.6%) and the high end moves by +$2,729,845 (+455.0%).
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change |
|---|
| Total outlets (Item 20) | 1,703 | 1,642 | −61 (−3.6%) |
IHOP reports 1,642 outlets in the 2026 FDD, versus 1,703 in the 2025 filing (−61 (−3.6%)).
Item 19 — Financial Performance Representations
IHOP included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Frequently asked questions
Did the cost to open an IHOP franchise change in the 2026 FDD?
The 2026 FDD for IHOP states an Item 7 estimated initial investment of $1,907,682–$3,329,845, against $80,000–$600,000 in the 2025 filing. The low end moves from $80,000 to $1,907,682 (+$1,827,682 (+2284.6%)) and the high end moves from $600,000 to $3,329,845 (+$2,729,845 (+455.0%)).
How many locations does IHOP have?
The 2026 FDD for IHOP reports 1,642 outlets in Item 20, against 1,703 in the 2025 filing — 61 fewer.
Does IHOP disclose financial performance in its FDD?
IHOP included an Item 19 financial performance representation in both the 2025 and 2026 filings.
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