Thursday, March 20, 2008
IHOP Sells 41 Applebee’s Restaurants to California Franchisee
Apple American Group LLC is the largest franchisee of the Applebee’s chain bought by Ihop Corp. last year. According to this article, "When Ihop bought the Applebee’s chain last year, Ihop said it wanted eventually to sell 475 company-owned Applebee’s stores to franchisees. Applebee's is about 70 percent franchised. Based in San Francisco, Apple American owns and operates 145 Applebee's restaurants in eight states including California." It appears that future development of several Applebee's restaurants will take place in Southern California and Nevada.