IHOP 2008 Annual Report Download - page 21
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The following table shows the areas where our company-operated Applebee’s restaurants were
located as of December 31, 2008:
Area
New England (includes Maine, Massachusetts, New Hampshire, New York, Rhode
Island and Vermont) ................................................ 71
Detroit/Southern Michigan ............................................. 65
Minneapolis/St. Paul, Minnesota ......................................... 63
Virginia ........................................................... 59
St. Louis, Missouri/Illinois .............................................. 57
Kansas City, Missouri/Kansas ........................................... 34
Washington, D.C. (includes Maryland and Virginia) ........................... 30
Central Missouri/Kansas/Arkansas ........................................ 12
Albuquerque, New Mexico(1) ........................................... 7
Memphis, Tennessee .................................................. 7
Shanghai, China ..................................................... 1
406
(1) Five of these restaurants were franchised on February 24, 2009.
Restaurant Development
We make the design specifications for a typical restaurant available to franchisees, and we retain
the right to prohibit or modify the use of any set of plans. Each franchisee is responsible for selecting
the site for each restaurant within its territory. We may assist franchisees in selecting appropriate sites,
and any selection made by a franchisee is subject to our approval. We also conduct a physical
inspection, review any proposed lease or purchase agreement and make available to franchisees
demographic and other studies
Future Restaurant Development
There are currently 36 development agreements in place covering the entire United States (except
Hawaii) and 15 development agreements calling for restaurant development in foreign countries.
Beginning in 2008, we initiated the process of franchising the majority of our 510 domestic company-
operated restaurants, in accordance with our strategy. This process is expected to extend into 2010. In
conjunction with the franchising of these restaurants, we expect to enter into development agreements
with the new franchisees setting forth requirements for development in each market. In 2009, we expect
franchisees to open a total of 33 to 42 new Applebee’s restaurants including 15 to 19 domestic
franchise restaurants and 18 to 23 international franchise restaurants. We do not currently plan to open
any domestic company-operated restaurants.
The following table represents Applebee’s restaurant development commitments for 2009 and
2010. We have disclosed development commitments for only a two-year period as the Applebee’s
7