adenah

Adenah Bayoh, Real Estate Millionaire, Buys Failing IHOP and Saves 50 Jobs!

in Black Money by

You may remember Adenah Bayoh from a previous interview we did after discovering how she built a $250 million real estate empire after escaping civil war in Liberia, immigrated to the United States at the age of thirteen and became one of the most successful entrepreneurs in New Jersey.

She attended Newark public schools, put herself through college and is now one of the most successful entrepreneurs in New Jersey.

On August 1st, Adenah, along with officials from the City of Newark hosted the grand re-opening of IHOP Newark. Adenah purchased the IHOP Newark on May 26th, 2017 and just completed a full renovation of the restaurant.

Prior to her purchase, the restaurant was on the verge of closure and nearly fifty employees would have lost their jobs. Adenah now plans to hire an additional forty employees.

“As a product of the City of Newark, I am so proud that I was able to step in to prevent IHOP Newark from closing and hardworking residents from becoming unemployed,” Adenah explained.

“This restaurant is a staple in the Newark community and was among the first urban IHOP locations in the nation. I have so many fond memories of eating there with my family, and I look forward to recreating this experience for new generations of Newark families.

The new IHOP Newark will not only offer a warm and friendly dining experience, it will also offer quality employment opportunities for city residents.”

IHOP Newark is the third franchise location for Adenah, who owns IHOP Irvington and IHOP Paterson. She opened her first location in 2007 in Irvington, New Jersey at age 27.

In addition to her restaurants, she has a real estate portfolio that includes major mixed-use redevelopment projects in Newark, Irvington, and East Orange.

 

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