IHOP  


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Sunshine Restaurant Partners LLC (“Sunshine”), formerly FMS Management Systems, is the largest IHOP area licensee. Sunshine owns, operates and sub-franchises 148 IHOP restaurants in Florida and southern Georgia. Sunshine has been the exclusive operator of IHOP’s in Florida and southern Georgia for more than 40 years and holds the exclusive rights to develop IHOP restaurants in its area.

IHOP restaurants feature moderately priced, high quality food and beverage items in a casual dining atmosphere. Best known for breakfast specialties, IHOP restaurants are open through the day and evening hours.

In June 2007, York Street structured and invested $22.2MM of senior subordinated notes to support the acquisition of Sunshine, formerly FMS Management Systems, by Argonne Capital Group, LLC.

Argonne Capital Group: http://www.argonnecapital.com

 

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