Ponderosa Steakhouse

Family steakhouses and buffets
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$657K - $1.2M
Units as of 2019
83 Decrease 18% over 3 years

Company Overview

About Ponderosa Steakhouse

Industry Food
Related Categories Buffet Restaurats, Steakhouses
Founded 1965
Leadership Andy Wiederhorn, CEO
Corporate Address 9720 Wilshire Blvd., #500
Beverly Hills, CA 90212
Social Facebook, Twitter

Business Overview

Franchising Since 1965 (59 years)
# of employees at HQ 50
# of Units 83 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a Ponderosa Steakhouse franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$50,000
Initial Investment Information Circle
$657,200 - $1,168,305
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$1,500,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
15 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Ponderosa Steakhouse has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 262 hours
Classroom Training 18 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022