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Applebee's Company History

Applebee's International, Inc. (Applebee's) develops, franchises and operates restaurants in the bar and grill segment of the casual dining industry under the name, Applebee's Neighborhood Grill & Bar. As of December 31, 2006, the Company had over 1,900 system-wide restaurants. As of December 31, 2006, there were 1,930 Applebee's restaurants. Franchisees operated 1,409 of these restaurants and 521 restaurants were company-owned. The restaurants were located in 49 states, 16 countries outside of the United States and one United States territory. As of December 31, 2006, the Company had 75 franchise groups, including 31 international franchisees. During the year ended December 31, 2006, 143 new restaurants were opened, including 108 franchise restaurants and 35 company restaurants. In March 2007, Applebee's announced that it is closing 24 of its 528 Company-owned restaurants. In November 2007, IHOP Corp. completed the acquisition of Applebee's.

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  • Hospitality
  • Restaurants

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