Ponderosa Steakhouse
Ponderosa Steakhouse and Bonanza Steakhouse are both owned by the Homestyle Dining company, and both locations have similar menus and similar histories. Ponderosa offers steaks, seafood and chicken entrees, as well as a multitude of options at their buffet.
But like other buffet-style restaurants, Ponderosa Steakhouse is declining in popularity. The restaurant chain started operations in 1971 and had about 300 locations by 2016, but closures may be imminent as is suspected from news of many locations around the U.S. and Canada. The chain was acquired by franchise Johnny Rockets in 2020 for $25 million.