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Ponderosa / Bonanza Steakhouses
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
The capital required to open a unit is $750,000. $3,000,000 is the minimum net worth required to open a location. The lowest you can expect to invest is $1,300,000 if you want to become a franchisee. $2,100,000 is the most that Ponderosa / Bonanza Steakhouses expects its owners will need to invest in a new location. New franchisees can expect to pay a $40,000 franchise fee for the rights to open their own location. In total, there are 483 units of this franchise open today.
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