56 Beloved American Restaurants That Have Closed Their Doors

Ponderosa Steakhouse and Bonanza Steakhouse were two of a kind. Bonanza was named after the Western TV show of the same name. Bonanza served steaks, seafood, and chicken. The chain split into two, meaning that Bonanza was its own chain. Later, they would merge under Metromedia in Texas.

Bonanza was purchased by entrepreneur Charles Wyly, who bought the small chain when it had just a few dozen locations. He worked his magic, and the chain grew to a peak of 600 locations in 1989 when he sold it to Metromedia. There are only seventy-five Bonanza Steakhouses left in the U.S. as of 2019.