The Bonanza Steakhouse franchise was rated one of the worst franchise opportunities in America by Forbes magazine.
Do you agree that Bonanza Steakhouse is one of the worst franchises?
Why or why not?
Please share a comment below.
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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%
Continuity: 53%
Franchisor Support: C
Here are the rest of Forbes worst franchises:
(With #1 being the worst)
Concept: Restaurants specializes in comfort food like meat loaf, fried steaks and apple pie.
Concept: Coffee shops that also sell tea and smoothies
Concept: Soft-serve ice cream shops with walk-up and fast-food locations.
Concept: Fast casual restaurants selling soups, sandwiches and baked goods
Concept: Full service restaurant & bar
Concept: Full service family restaurant
Concept: Family restaurant serves chicken, seafood and sandwiches, as well as steaks
Concept: Tanning salons with sunbeds and spray-tan options
Concept: Quickservice Mexican restaurants with strip center, freestanding and downtown locations
Concept: Full service restaurant & bar, founded by Howard Johnson’s in 1969.
See all Forbes Worst Franchises here:
America’s Best And Worst Franchises
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.
TAGS: Bonanza Steakhouse, Bonanza Steakhouse franchise, Bonanza Steakhouse franchise complaints, Worst franchise, Forbes Worst franchises, franchise, franchising, Unhappy Franchisee
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