Switch of Rights to Goal 41 Present Locations to New Possession
Glendale, CA (RestaurantNews.com) IHOP® has expanded its franchisee portfolio with the addition of Suncakes, LLC , led by Guillermo Perales, via the acquisition of 41 IHOP provocative places. The provocative places, positioned in Tennessee, North Carolina, Virginia, and South Carolina, had been previously owned and operated by CFRA Holdings and its pals and transferred to Suncakes, LLC in July 2020. Monetary particulars of the deal won’t be disclosed.
The 41 areas characterize the first IHOP provocative places managed by Solar Holdings, Inc. Solar has no doubt doubtless the most greatest restaurant franchisee portfolios within the U.S. with bigger than 1,000 areas beneath its ownership. To boot to to restaurant trend and ownership, just a few awards and recognitions possess been bestowed upon Guillermo Perales, the CEO of Solar Holdings. These awards contain the MUFSO Golden Chain Award and Nation’s Restaurant News’ High 10 Energy List, International Franchise Association Entrepreneur of the Year in 2008 and 2015, Ernst & Young’s Entrepreneur of the Year in 2008, as effectively as Latino Leaders Journal’s 101 Most Influential Latinos for several consecutive years. As a rapidly-rising company, Solar Holdings has participated in just a few neighborhood carrier operations including serving over 25,000 free meals to heroes each Veterans Day, and distributing hundreds and hundreds of Certificates of Fulfillment awards free of price meals to kids each year.
“As the proprietor and operator of just a few iconic brands, Suncakes’ investment in IHOP reinforces the capacity of our franchise opportunity and the long flee viability of our industry,” mentioned Jay Johns, IHOP President. “We’re thrilled to welcome Guillermo and the Suncakes crew to the IHOP family and are assured that their substantial industry and price expertise will positively yield success.”
“We preserve expansive pleasure in joining IHOP, an iconic price that has constructed important momentum within the industry in most original years,” mentioned Guillermo Perales, CEO for Solar Holdings. “Our purpose is to make certain each and each customer that walks into no doubt one of our provocative places receives the quality carrier and acquainted expertise they’ve come to query from IHOP for over 60 years.”
About International Residence of Pancakes, LLC
For over 62 years, IHOP has been a frontrunner, innovator and knowledgeable in all things breakfast, any time of day. The chain offers 65 diversified signature, recent, made-to-expose breakfast choices, a gigantic collection of licensed lunch and dinner items, including Closing Steakburgers. IHOP provocative places offer visitors an more cost-effective, day after day eating expertise with heat and friendly carrier. As of July 29, 2020, there are 1,841 IHOP provocative places round the enviornment, including provocative places in all 50 states and the District of Columbia, Puerto Rico and Guam as effectively as Canada, Mexico, Guatemala, Panama, Lebanon, the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand and India. IHOP provocative places are franchised by pals of Glendale, Calif.-primarily based Dine Brands World, Inc. (NYSE: DIN).
About Solar Holdings, Inc.
Solar Holdings, Inc. became founded in 1997 by Guillermo Perales, starting with one Golden Corral unit, and funded by an SBA mortgage. The portfolio it manages has been ranked as the 3rd greatest franchisee neighborhood within the U.S. by Mega 99 2018 Rankings. Solar Holdings Inc. has developed a portfolio that operates 1,000 areas in 8 states constructing bigger than 22,000 jobs. It has furthermore developed over 200 stores, and accomplished 200 remodels within the closing 3 years. On the present time, the group manages 239 Burger King, 165 Popeyes, 92 Arby’s, 12 Golden Corral, 20 Cici’s Pizza, 136 T-Mobile, 135 Taco Bueno, 52 McAlister’s and 56 GNC areas, as effectively as several airport areas.