[ KEY FINDING ]ITEM 21CHANGED SINCE THE 2025 FDD

What changed in IHOP (Non-Traditional)'s 2026 FDD compared with its 2025 FDD?

Firm signing the auditor's report on the latest year's statements

Ernst & Young, LLP → KPMG LLP

From the 2026 FDD (issued March 27, 2026), compared with the 2025 FDD.

The auditor's report on the latest year's financial statements in IHOP (Non-Traditional)'s 2025 FDD is signed by Ernst & Young, LLP (p.120); in its 2026 FDD, by KPMG LLP (p.119).

WHAT THIS MEANSThe auditor's report in Item 21 names the firm and the years it audited.

Cites: 2025 FDD, Item 21 p.120 · 2026 FDD, Item 21 p.119

[ VERIFIED // FDD 2026 ]

IHOP (Non-Traditional)

Report based on the 2026 FDD, issued March 27, 2026.

For IHOP (Non-Traditional), the 2026 FDD estimates a total initial investment of $784,382 to $4,147,245 (Item 7).

Verified: Sep 29, 2026

5 RED FLAGS DETECTED
0/100
MURK SCORE
FRANCHISE SONAR MURK SCORE: MODERATE(our band for scores 2 to 39)

Does IHOP (Non-Traditional) Have Franchise Litigation?

Litigation detected: 1 pending case, 25 concluded, class action, affiliate class action.

[ FULL LITIGATION ANALYSIS LOCKED ]

Don't sign without reading this

How Much Does a IHOP (Non-Traditional) Franchise Cost?

Royalty RateInitial InvestmentTotal UnitsNet Growth (1Y)

4.5%

percentage of gross sales

$784K to $4.1M

51

+3

Source: FDD Items 6, 7, 20

VERIFIED // CHECKED AGAINST THE FDD

What Does IHOP (Non-Traditional)'s Item 19 Disclose About Earnings?

[ EARNINGS DATA LOCKED ]

Item 19 figures, each with the group it covers and its FDD page

[ RISK_ALERT ]

We found 5 red flags in IHOP (Non-Traditional)'s FDD.

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We found 5 red flags in IHOP (Non-Traditional)'s FDD.

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$199

Fees, Item 19, outlets, lawsuits, finances

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[ FREQUENTLY ASKED QUESTIONS ]

Franchise Sonar provides independent analysis of franchise disclosure documents (FDDs) filed with state regulators. This is for informational purposes only and is NOT investment advice. Data extracted using automated technology; verify all financial information directly in the official FDD before making decisions. Murk Score measures disclosure completeness, not franchise quality. IHOP (Non-Traditional) is a trademark of its respective owner. Franchise Sonar is not affiliated with, endorsed by, or associated with IHOP (Non-Traditional).

[ OTHER CASUAL & FAMILY DINING FRANCHISES ]

1 red flag
0/100
MURK SCORE
Investment
$822K to $1.1M
Units
105
Royalty
5.0%
Franchise Fee
$45K
View Analysis →
3 red flags
0/100
MURK SCORE
Investment
$908K to $1.3M
Units
17
Royalty
5.0%
Franchise Fee
$60K
View Analysis →
0/100
MURK SCORE
Investment
$422K to $1.2M
Units
24
Royalty
5.0%
Franchise Fee
$50K
View Analysis →
3 red flags
0/100
MURK SCORE
Investment
$686K to $2.3M
Units
18
Royalty
5.5%
Franchise Fee
$45K
View Analysis →