Yet the Ponderosa Steakhouse in Canandaigua, New York, is now a parking lot for a Starbucks. There were, at one point, 305 Ponderosas (and sister buffet Bonanzas) in the US , and today there are 75 locations total — including 19 in Puerto Rico and a handful scattered in Egypt, Qatar, Taiwan, and the UAE.
In 2008, the parent company, Metromedia Steakhouses Co., filed for bankruptcy. Although the company, now called Homestyle Dining LLC, exited bankruptcy in October 2009, its steakhouses have largely disappeared. Between 2001 and 2011 the number of Ponderosa and Bonanza restaurants fell by nearly two-thirds.
According to the company’s website, the nearest Ponderosa is now 85 miles from South Bend in Coldwater, Michigan. In 1989 there were 736 Ponderosa Steakhouses worldwide, more than any other steakhouse chain. By 2019, there were only 75 locations left .
Golden Corral Corp.’s largest franchise group, 1069 Restaurant Group LLC, has filed for Chapter 11 bankruptcy protection, citing the impact of COVID-19 pandemic closures. The petition also said the company hopes to open another 18 restaurants by the end of 2020.
No-buffet rules aren’t keeping Golden Corral from reopening its restaurants. The big buffet chain has been gradually reopening locations across the country with a different service model, typically a cafeteria-style strategy in which employees serve customers items that would have otherwise been in a buffet.
Ponderosa began operating in Canada by 1971 and remained there until 1986, when its focus moved to post-recession US. After closing most Canadian Ponderosa restaurants , the company returned to generating US restaurant franchises in 1986, reversing a previous freeze on new US franchises in the move to Canada .
Ponderosa Ranch was the fictional home of the Cartwright family from 1959 to 1973. On September 27, 2004, Sacramento, California’s Channel 10 News reported that the Ponderosa Ranch gate closed permanently after real estate developer David Duffield bought the land.
Old Country Buffet , once a strip mall staple, has closed its last restaurant in Illinois as the pandemic threatens the American tradition of communal serving tongs and endless helpings of macaroni and cheese.
And while “Bonanza” was fictional, the ranch was not. The real Ponderosa Ranch, a sprawling 24-acre property in Nevada, looks a little different today . And it just sold for $38 million.
The way buffets typically work is each person pays the same fixed price for access to a line of self-serve dishes. You grab a plate, fill it with food, eat , and repeat. As many times as you want. The most obvious money saver for a buffet restaurant is there’s less need for servers.
Ponderosa Steakhouse has a franchise fee of up to $40,000 , with a total initial investment range of $207,202 to $2,058,160.
If you want to get a beer with your steak, you will soon be able to, at Ponderosa Steakhouse in Mt. Pleasant. The restaurant will soon be serving alcohol . The restaurant purchased the liquor license from Pizza Hut, according to Mt.
The TV show inspired a restaurant chain. The restaurants, which were owned by Bonanza star Dan Blocker, who played Eric “Hoss” Cartwright, were initially called — believe it or not — Bonanza . After he sold the chain, the name changed to Ponderosa , and, like a wagon train, the restaurant just kept on going forward.