IHOP to Rely on Franchisees for New Outlet Investment

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Glendale, California--IHOP Corp. unveiled a new long-term strategy to rely on franchisees for the investment needed to open new outlets in its family restaurant chain. By replacing company-financed construction with the industry's traditional franchise development model, the company hopes to have additional cash to boost marketing efforts, increase share repurchases and spur growth. But for the short term, the owner of International House of Pancakes restaurants said the transition entails opening fewer new outlets in 2003 and receiving "lower financing-related fees" from franchisees. -Dow Jones Business News

More from Entrepreneur

Learn how to get your own business launched with our on-demand start-up course. Whether your ready or just thinking about starting your own business, get started for free with our first 3 lessons and receive a personalized 1-page business brief.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur