GLENDALE Calif. IHOP Corp. said it has agreed to sell 41 company-operated Applebee’s Neighborhood Grill & Bar restaurants to the brand’s largest franchisee, Apple American Group of San Francisco. Terms were not disclosed. The units included in the transaction are located in Southern California and Nevada. Apple American Group currently operates 145 Applebee’s restaurants in eight states and had 2007 revenues of $380 million. IHOP did not say how many companies were outbid by Apple ...
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!