Ponderosa Steakhouse
Family steakhouses and buffets- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$657K - $1.2M
- Units as of 2019
-
83 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
Business Overview
- Franchising Since
- 1965 (58 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
- $50,000
- Initial Investment
- $657,200 - $1,168,305
- Net Worth Requirement
- $500,000
- Cash Requirement
- $1,500,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 15 years
- Is franchise term renewable?
- Yes
Financing Options
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
-
NewsletterMeetings & ConventionsGrand OpeningSecurity & Safety ProceduresField OperationsSite SelectionProprietary Software
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- No
Interested in ownership opportunities like Ponderosa Steakhouse? Request a free consultation with a Franchise Advisor now.
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