- 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 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 1965 (60 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
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?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
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