The Bonanza Steakhouse franchise was rated one of the worst franchise opportunities in America by Forbes magazine.
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(UnhappyFranchisee.Com) The June 16, 2014 issue of Forbes magazine features their picks for America’s Best And Worst Franchises.
The Bonanza Steakhouse franchise made the Forbes list of the worst franchise opportunities in the $500,000+ investment range.
The Forbes ranking for Bonanza Steakhouse included the following assessment:
No. 7 Bonanza Steakhouse
Serves chicken, seafood and sandwiches, as well as steaks, for dining in or taking out.
Average Initial Investment: $2,172,245
Initial Training Hours: 270
Growth rate: –13%
Franchisor Support: C
Here are the rest of Forbes worst franchises:
Forbes Worst Franchises with $500,000+ Investments
(With #1 being the worst)
#1 Country Kitchen International
Concept: Restaurants specializes in comfort food like meat loaf, fried steaks and apple pie.
#2 It’s A Grind Coffee House
Concept: Coffee shops that also sell tea and smoothies
#3 Tastee Freez
Concept: Soft-serve ice cream shops with walk-up and fast-food locations.
#4 Atlanta Bread Company
Concept: Fast casual restaurants selling soups, sandwiches and baked goods
Concept: Full service restaurant & bar
Concept: Full service family restaurant
#7 Bonanza Steakhouse
Concept: Family restaurant serves chicken, seafood and sandwiches, as well as steaks
#8 Desert Sun Tanning Salons
Concept: Tanning salons with sunbeds and spray-tan options
#9 La Salsa
Concept: Quickservice Mexican restaurants with strip center, freestanding and downtown locations
#10 Ground Round Grille & Bar
Concept: Full service restaurant & bar, founded by Howard Johnson’s in 1969.
See all Forbes Worst Franchises here:
ARE YOU FAMILIAR WITH THE BONANZA STEAKHOUSE FRANCHISE OPPORTUNITY? DO YOU THINK IT’S ONE OF THE WORST FRANCHISES… OR NOT? SHARE A COMMENT BELOW.
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