Ponderosa Steakhouse and Bonanza Steakhouse are a chain of steakhouse/buffet restaurants based in Texas and owned by FAT Brands. Like the TV show from which they derived their names, each restaurant chain was once very popular-in the case of the restaurants, peaking in the 1980s. By 1989, the related chains had a combined number of restaurants well over 600. By 2021, this number was down to less than 25. What precipitated the decline, and what is the future of these restaurants?