SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
IHOP franchise in New York: what the public record shows
Franchisees of IHOP in New York have taken 23 SBA loans in the FY1991–present FOIA files (average $1,044,035). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. IHOP's national ratio is 0.4×. Its latest FDD Item 20 state table reports 62 franchised outlets in New York (fiscal 2025) — about 0.31 per 100k residents.
Loans in NY
23
Charged off (all years)
0 of 13
Loss ratio in NY
—
Loss ratio nationally
0.4×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
Businesses in this industry
44,621
statewide, all operators
Per 100k residents
224.6
national 179.9
Versus the country
+25%
denser
Every business in IHOP's industry operating in New York — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$682
New York, BLS QCEW 2025
National average
$537
same industry, all states
Versus the country
+27%
costlier to staff
What IHOP's industry actually pays workers in New York, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 60 | — |
| 2024 | 61 | — |
| 2025 | 62 | — |
| System | Loans in NY | Charged off (all years) | Loss ratio in NY | Units in NY |
|---|---|---|---|---|
| Subway | 378 | 35 of 289 | 0.6× | 664 |
| Dunkin' | 228 | 18 of 160 | 0.6× | — |
| Quiznos | 134 | 36 of 105 | 1.4× | — |
| Cold Stone Creamery | 51 | 15 of 30 | 1.9× | — |
| Domino's Pizza | 37 | 4 of 26 | — | — |
| EDIBLE ARRANGEMENTS | 33 | 2 of 25 | — | 67 |
| Burger King | 32 | 3 of 21 | — | — |
| Tropical Smoothie Cafe | 25 | 2 of 12 | — | 62 |
| Papa Johns | 23 | 5 of 16 | — | — |
| Little Caesars | 21 | 2 of 16 | — | — |
| DAIRY QUEEN | 20 | 4 of 12 | — | — |
| Checkers Drive-in Restaurant | 19 | 1 of 13 | — | — |
Other systems in IHOP's sector whose franchisees borrowed in New York. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing IHOP’s numbers, including talking you out of a bad deal.