How to Buy a Ponderosa Franchise

Ponderosa Steakhouse offers flame-grilled steak and chicken dinners and quality lunch and dinner buffets that appeal to people of all ages. Ponderosa Steakhouse has been franchising since 1966 and now has nearly 800 restaurants that generate almost $800 million in annual sales. Buy a Ponderosa Steakhouse franchise and become part of a team that offers you support on site analysis, project planning and training programs.

Difficulty: Moderately Challenging

Instructions

1. Request additional information on owning a Ponderosa franchise by completing the "Franchisee Request for Information" form on the Ponderosa website. The form asks for basic contact information, capital investment, investment time frame and questions regarding qualifications and restaurant experience.

2. Speak to the franchise development team who will discuss with you any questions or concerns you may have about the process to buy a Ponderosa franchise. They will also evaluate you at this time to see if it is in everyone's best interest that you proceed with the buying of the Ponderosa franchise.

3. Consult the Uniform Franchise Offering Circular and franchise agreement, which outlines development areas, location criteria and franchise fee information. The initial investment for a Ponderosa franchise is $12,00 to $23,000 with an additional franchise fee of $40,000.

4. Contact a member of the franchise development team to help you with any further questions regarding investments, fees and support programs.

5. Secure funding if you decide to proceed, and sign the franchise agreement after having met with a lawyer and accountant. Ponderosa does not provide any financial assistance internally.

6. Sign the franchise agreement and begin the Ponderosa training program and site selection process.

Tips & Warnings

• Franchise fees include the initial franchisee fee, continuing royalty payments, advertising fees and other expenses outlined by the franchise agreement.
• The franchise agreement will outline what type of control you, as the franchisee, have over certain decisions.
• Before signing a franchise agreement, consult a lawyer and accountant who will help you understand the risks involved with buying a franchise.
• Always investigate a franchisor thoroughly before signing any type of agreement with them.