Ponderosa/Bonanza Steakhouses
Yes, we actively support the inclusion and development of minority-owned franchises in the Ponderosa/Bonanza Steakhouses system.
Ponderosa/Bonanza Steakhouses
6500 International Pkwy., # 1000
Plano, TX 75093
800#: (800) 527-6832
Tel: (321) 773-2788
Fax: (321) 773-2675
E-mail: etaylor@metrogroup.com
Web Site: www.ponderosasteakhouses.com
Contact: Mr. Eric Taylor,
PONDEROSA and BONANZA FAMILY STEAKHOUSES serve great-tasting, family priced steaks and entrees, accompanied by a large variety of all-you-can-eat salad items, soups, appetizers, hot vegetables, breads, sundae and dessert bar and other tasty food. All steaks and entrees come with the salad bar, buffet and dessert bar at no extra cost.
Franchisor Background
Established: 1965
First Franchise: 1966
Franchise Units: 398
Company-Owned Units: 85
Total Units: 483
Distribution:
> North America -- Operations in 31 States
> States/Provinces with Greatest Density: 60 in OH, 36 in MI, 32 in IN
Units Owned by Minorities:
>African-American: 7
>Hispanic:
>Asian-American:
>Native American:
>Other: Several
Average Number of Employees: 10 FT, 50 PT (FT = Full Time, PT = Part Time)
Space Needs: 6,000-8,000 SF; FS, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $750K
Total Investment: $1.3-2.1MM
Average Total Investment: $1700K
Minimum Net Worth: $3MM
Fees
>Franchise: $40K
>Average Franchise Fee: $40K
>Royalty: 4%
>Advertising: 4%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20
Passive Ownership: Not Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:No
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/NA
Size Of Corporate Staff: 125
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 9 Weeks at Certified Training Restaurant.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not have any specific programs in place at this time. We are in active communication with minority-oriented agancies such as L.I.S.C., as well as with the public affairs and emerging markets department at IFA, and we actively encourage minority applicants.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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