Ponderosa Steakhouses are a good purchase..
Some notes about Ponderosa Steakhouse Franchising:
Ponderosa Steakhouse Franchises are done by:
Metromedia Restaurant Group
12404 Park Central Dr.
Dallas, TX 75251
800-543-9670
From single unit operators to large multi unit operations, Ponderosa has a
successful track record of supporting its franchisees. In fact, for the past two
years, Ponderosa has been named the #2 franchisor in the U.S. in Success
magazine's Franchise Gold 100 ranking, which evaluates more than 700
leading franchise companies.
Confirmation of this #2 rating:
unitedcheckcashing.com
TERM OF LEASE
Typically 20 years with negotiated renewal options for the lease.
(I presume that MKII is to take over a current lease)
To start up a Franchise from scratch would cost:
ponderosasteakhouses.com Domestic Financial Data
Total Estimated Initial Investment
LOW HIGH
$743,700 $1,728,500
i.e. for 5 restaurants, initial investment would be from $3,718,500 to $8,642,500.
MKII purchase price of $4,350,00 sounds like it probably is a very good deal !!
I have been to that area and they are nicely situated.
Good for MKII, hope deal goes through....soon.
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