Investment Overview

Marcus & Millichap is pleased to present the Ponderosa Steak House (business and real estate) located in Vandalia, IL. The 7,000+ square foot steak house located directly off I-70 (22,400+ Vehicles Per Day) and positioned between a Ramda Hotel, KFC, and Taco Bell. With this property being in such close proximity to multiple traffic drivers including Walmart Super Center, multiple hotels, Pilot Truck Stop, and several fast-food restaurants, Ponderosa Steakhouse has become a local favorite and a must-stop when guests are traveling through. Vandalia, IL is a common stop along I-70 centered between the Lambert International Airport in St. Louis, MO (70 miles away) and Effingham, IL (35 miles away). Vandalia's population as of 2020 was over 9,700 people with an average household income being over $67,100. This site comes with a fully furnished restaurant and more that will help ensure Ponderosa’s success in Vandalia. Components included in the sale are kitchen equipment, a walk-in freezer, a security system, catering equipment, a catering van, extremely experienced staff, and a well-structured and loved menu, among other things. As mentioned previously, this Ponderosa location has become a Vandalia staple and a favorite pit-stop for visitors for the 30+ years that it has been open, and this is extremely evident in the sales numbers they are producing. 2023 Year-to-Date sales are up 13%+ compared to 2022. Sales numbers are available upon request and an executed confidentiality agreement. Ponderosa and Bonanza Steakhouses were started in 1963 by Dan Blocker who played Hoss on the hit TV show “Bonanza”. After opening and then deciding to franchise in 1966, the western steakhouse concept has been a fan-favorite ever since. Currently, there are over 20 U.S. locations and 54 total locations worldwide.