[ KEY FINDING ]ITEM 21CHANGED SINCE THE 2025 FDD

What changed in IHOP (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 (Traditional)'s 2025 FDD is signed by Ernst & Young, LLP (p.198); in its 2026 FDD, by KPMG LLP (p.214).

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

Cites: 2025 FDD, Item 21 p.198 · 2026 FDD, Item 21 p.214

[ VERIFIED // FDD 2026 ]

IHOP (Traditional)

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

For IHOP (Traditional), the 2026 FDD estimates a total initial investment of $1,907,682 to $3,329,845 (Item 7).

Verified: Sep 30, 2026

8 RED FLAGS DETECTED
0/100
MURK SCORE
FRANCHISE SONAR MURK SCORE: ELEVATED(our band for scores 40 to 64)

Does IHOP (Traditional) Have Franchise Litigation?

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

[ FULL LITIGATION ANALYSIS LOCKED ]

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How Much Does a IHOP (Traditional) Franchise Cost?

Royalty RateInitial InvestmentTotal UnitsNet Growth (1Y)

4.5%

percentage of gross sales

$1.9M to $3.3M

1,642

-13

Source: FDD Items 6, 7, 20

VERIFIED // CHECKED AGAINST THE FDD

What Does IHOP (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 8 red flags in IHOP (Traditional)'s FDD.

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We found 8 red flags in IHOP (Traditional)'s FDD.

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$199

Fees, Item 19, outlets, lawsuits, finances

Covers the 2026 FDD

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$499

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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 (Traditional) is a trademark of its respective owner. Franchise Sonar is not affiliated with, endorsed by, or associated with IHOP (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 →