6500 International Pkwy., # 1000
Plano, TX 75093
800#: (800) 543-9670
Tel: (972) 588-5887
Fax: (972) 588-5806
E-Mail: [email protected]
Web Site: www.mrg.net
Contact: Mr. Larry Stein, Director of Franchise Develop.
BONANZA STEAKHOUSES is a family friendly steakhouse that serves a great variety of beef, seafood and chicken items, along with an extensive salad bar, to the value-conscious consumer.
Franchisor Background
| Established: |
1963; |
First Franchise: |
1966 |
| Franchise Units: |
110 |
| Company-Owned Units: |
0 |
| Total Units: |
110 |
Distribution:
U.S. -- 91;
Canada -- 8;
International -- 11
> North America -- Operations in 25 States, 3 Provinces
> States/Provinces with Greatest Density: 17 in PA, 13 in AR, 7 in MI
|
| Projected New Units Over Next 12 months: N/A |
| Franchisee Qualifications: 5, 5, 4, 3, 4, 5
(for an explanation
click here) |
| Registered in Following Registration States: All States |
| Average Number of Employees: Varies (FT = Full Time, PT = Part Time) |
| Space Needs: 6,275 SF; FS
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$150K |
|
| Total Investment: |
$711.8K-1.6MM; |
|
Average Total Investment: |
$1164K |
|
| Minimum Net Worth: |
$750K |
|
| Fees: |
Franchise: |
$30K; |
Average Franchise Fee: |
$30K |
|
Royalty: |
4% |
|
Advertising: |
4% |
| Provide Earning Claim Statement: No
|
Terms of Contract
| Term of Contract (Years): |
20/20 |
| Passive Ownership: |
Discouraged |
| Encourage Conversions: |
Yes |
| Area Development Agreements: |
Yes |
| Sub-Franchising Contracts: |
Yes |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
No (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
No |
| Lease Negotiation Assistance: |
No |
| Cooperative Advertising: |
Yes |
| Franchisee Assoc. / Member: |
Yes/No |
| Size Of Corporate Staff: |
375 |
| On-Going Support: |
A,B,C,E,G,h
(for an explanation click
here) |
| Training: |
At Headquarters in Plano,TX; On-Site |
Franchisor's Specific Expansion Plans
| U.S.: |
All United States |
| Canada: |
All Canada |
| Overseas: |
No |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.