International House Of Pancakes (IHOP) (NYSE: IHP) is a chain of 1,103 restaurants (primarily franchises) located in the US and Canada. IHOP specializes in breakfast foods, primarily pancakes and waffles. Most of them are open twenty-four hours a day, and all of them serve breakfast any time they're open. They also serve the usual array of American "diner" cuisine, similar to the Denny's restaurants. That means pancakes (of course), waffles, french toast, a variety of omelets, and so on, as well as hamburgers, steaks, and other classic American entrees. As they are a family restaurant, they naturally put quite a bit of energy into desserts, with a selection of cakes, pies, and ice cream dishes.
The first IHOP was opened by Al Lapin July 7, 1958 in Toluca Lake, California, near Los Angeles. It became a public company in 1961, rapidly growing into a presence of fifty locations, mostly in A-frame buildings. Exploiting the franchise
concept brought great success, and over the years the company (Renamed International Industries, Inc. in 1963) acquired control of Love's Wood Pit Barbecue, Golden Cup Coffee Shops, The Original House of Pies, Wil Wright's Ice Cream Shoppes, Woody's SmorgasBurger, The Dog House, and Copper Penny, as well as non-food brands The Big Brake Safety Center, The Golden Oaks Retirement Homes, United Rent-Alls, House of Nine, and the Sawyer College of Business. They also owned Orange Julius, which they subsequently sold to International Dairy Queen. The company in charge of IHOP chain restaurants and franchises is known as IHOP Corp. In 2001, the net income of International Industries, Inc. was US$40.288M, with a Net income per diluted share of $1.94.
In locations which permit the smoking of tobacco inside of restaurants, most IHOPs do so as well. These restaurants frequently have a separate room separated by glass for the smoking crowd, especially where required by law.
For more information, the interested are encouraged to visit the web site at http://www.ihop.com, or send (snail) mail to IHOP public relations at:
450 North Brand Blvd.
Glendale, CA 91203