IHOP 2009 Annual Report Download - page 26
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As of December 31, 2009, our company-operated Applebee’s restaurants were located in the
following areas:
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
Memphis, Tennessee ........................................... 7
Shanghai, China .............................................. 1
399
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. As
noted above, we are in the process of franchising the majority of our domestic company-operated
restaurants. In conjunction with the franchising of these restaurants, we expect to enter into
development agreements with the new franchisees setting forth requirements for additional
development in each market.
In 2010, we expect franchisees to open a total of approximately 30 new Applebee’s franchise
restaurants. We currently do not plan to open any domestic company-operated restaurants. The
following table represents Applebee’s restaurant development commitments for 2010 and 2011. We
have disclosed development commitments for only a two-year period as the Applebee’s development
agreements generally provide for a series of two-year development commitments after the initial
development period.
Contractual
Opening of
Restaurants
by Year
2010 2011
Domestic development agreements .................................. 19 16
International development agreements ................................ 14 9
Total ........................................................ 33 25
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