|Price Range 12mo avg:||$963K – $3.9M|
|$/sf 12mo avg:||$742|
|CAP Rate 12mo avg:||6.08%|
|Lease Terms:||21yrs NNN|
|Building Size avg:||4,401 SF|
|Lot Size avg:||1+/- acres|
The largest full-service dining company in the world.
In the past, the world knew us as IHOP®, an American icon to our guests and a franchising company that was focused on providing strategic leadership and vision for our franchisees and on enhancing value for our shareholders. With this dedicated focus, we cultivated a core expertise in brand revitalization and franchising know-how which became the basis for the winning formula that has defined the financial success of our business in recent years. With the addition of Applebee’s® to the IHOP family of restaurants in November 2007, we made a bold new commitment to our brand revitalization abilities and to the power of franchising. DineEquity promises to make our two businesses more powerful and more successful than either brand could have been apart. In October of 2012, DineEquity successfully completed the transition of Applebee’s to a 99% franchised restaurant system. Our goal remains to provide delicious, innovative dishes and exceptional guest experiences each and every time a guest walks through either brand’s doors. With more than 3,600 restaurants combined in 18 countries, more than 400 franchisees and approximately 200,000 team members (including franchisee- and company-operated restaurant employees), DineEquity is one of the largest full-service restaurant companies in the world.
When Al and Jerry Lapin opened the first International House of Pancakes in Toluca Lake, California on July 7, 1958, they never dreamed that five decades later the family restaurant they founded would become the American icon it is today. From humble beginnings, we have grown to more than 1,650 IHOP restaurants in 50 states, and the District of Columbia. Internationally, IHOP has locations in Canada, Mexico, Guatemala, the Middle East, The Philippines, Puerto Rico and the U.S. Virgin Islands. Today, IHOP is the leader in the family dining segment of the restaurant industry. Our 99% franchised system delivers strong free cash flow results that have been a hallmark of the financial performance of IHOP.
|S&P Credit Rating:||N/A|
|Moody’s Credit Rating:||N/A|
|Annual Revenue 2014:||$655M|
|Annual Revenue 2013:||$640.5M|
|Revenue Growth:||↑ 2% from 2013|
|Units (Dec. 2014)||1,650|
|Average Units Volume:||$174.7K|
Net income was impacted by loss on extinguishment of debt related to the Company’s refinancing of its long-term debt.
2014 Refinancing of Long-term Debt
On September 30, 2014, the Company repaid the entire outstanding principal balance of $463.6 million of the Credit Facility; there were no premiums or penalties associated with the repayment. On October 30, 2014, after a required 30-day notice period, the Company repaid the entire outstanding $760.8 million principal balance of Senior Notes, along with a required make-whole premium for early repayment of $36.1 million. All of our obligations under the Credit Facility and the Senior Notes terminated upon the respective repayments thereof.
This transaction was accounted for as an extinguishment of debt under U.S. GAAP. We recognized a loss on debt extinguishment of $64.9 million for the year ended December 31, 2014, comprised of the $36.1 million make-whole premium on the Senior Notes and the write-off of the unamortized debt discount and the issuance costs associated with the extinguished debt of $16.9 million and $11.9 million, respectively.
Average Units Volume is calculated on a combined total of Applebee’s and IHOP units (3,667) and does not account for store sales as 99% of the units are franchised.
Yahoo! Finance: DIN News Latest Financial News for DIN
Applebee’s® is Turning up the Temperature with New Sizzlin’ Entrees
on November 15, 2019 at 1:32 pm
Applebee’s is heating things up this fall with Sizzlin’ Entrees, a hot NEW menu that is sure to excite your senses. On the new menu, guests can taste the sizzle in the NEW Sizzlin’ Cheddar & Bacon Chicken Skillet, available starting at just $9.99 and only for a limited time at participating locations.* The new menu also includes the NEW Loaded Fajita Combos and NEW Loaded Fajita Trio. […]
Applebee's franchisee acquires 29 restaurants in Wisconsin
on November 13, 2019 at 10:10 pm
A franchisee of Applebee’s Grill and Bar has purchased 29 restaurant locations in Wisconsin. Louisiana Apple LLC, led by Seenu Kasturi, acquired the restaurants. The franchisee’s portfolio now includes 47 locations in Arkansas, Indiana, Kentucky, Oklahoma and Wisconsin, according to a news release. […]
Applebee’s® Franchisee Expands Portfolio to Wisconsin
on November 13, 2019 at 9:15 pm
Louisiana Apple LLC, operating as Wisconsin Apple LLC, led by Seenu Kasturi, expanded its franchisee portfolio through the acquisition of 29 Applebee’s restaurants in Wisconsin. Louisiana Apple LLC now operates 47 Applebee’s restaurants across Arkansas, Indiana, Kentucky, Oklahoma and Wisconsin. […]
Olstein Capital Management's Most Promising 3rd-Quarter Buys
on November 11, 2019 at 11:20 pm
Fund invests in agriculture and travel, with an emphasis on high growth potential Continue reading... […]
How one family went from being $55,000 in debt to saving $350,000 — ‘the fun money really allows us spend on junk’
on November 10, 2019 at 9:50 pm
More than 10 years ago Ryan and Courtney Luke were both working, but with nothing to show for it except big cars and big debts. The Phoenix, Ariz. couple was making $72,000 in take-home pay, yet Ryan had $20,000 of debt, between the loan for his Nissan XTerra (NSANY) and the wedding band and engagement ring he bought on a credit card for his bride. With all their money tied up in their cars and debts, they couldn’t afford to spend on other activities or experiences, said Ryan, a 35-year-old police lieutenant at a large law enforcement agency in Arizona. […]