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Ponderosa / Bonanza Steakhouses

Franchise

Ponderosa Steakhouse and Bonanza Steakhouse are a chain of buffet/steakhouse restaurants. They are two of the most franchised subsidiaries of Metromedia Restaurant Group. Unlike other chains with two names like Checkers/Rally's, which uses only one of the names in a given region, restaurants in a given region could be named either Bonanza or Ponderosa. This is because Bonanza and Ponderosa were separate companies, which were later merged under Metromedia - so the names overlap depending on who had restaurants where prior to merger. The names of the restaurants are derived from the classic TV series Bonanza, which was set at a place called Ponderosa Ranch.

Facts & Figures

Liquid capital required
$750,000
Net worth required
$3,000,000
Investment
$1,300,000 - $2,100,000
Franchise fee
$40,000
Units in operation
483

Overview

You'll need $750,000 in liquid capital to open a Ponderosa / Bonanza Steakhouses. You need to have a total net worth of $3,000,000 if you want to become an owner. $1,300,000 is the minimum that someone opening a location should expect to invest. The most the franchisor could ask you to invest is $2,100,000 if you want to become a franchisee. New franchisees can expect to pay a $40,000 franchise fee for the rights to open their own location. There is currently a total of 483 units in operation.

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