Why Old Country Buffet, Souplantation, Ponderosa, and even Golden Corral have struggled for the past decade.

"There were, at one point, 305 Ponderosas (and sister buffet Bonanzas) in the US, and today there are 75 locations total — including 19 in Puerto Rico and a handful scattered in Egypt, Qatar, Taiwan, and the UAE. The Ponderosa parent company filed for Chapter 11 bankruptcy in 2008, the same year as the company that owns Old Country Buffet (and four other buffet chains)...

Why Old Country Buffet, Souplantation, Ponderosa, and even Golden Corral have struggled for the past decade.

"There were, at one point, 305 Ponderosas (and sister buffet Bonanzas) in the US, and today there are 75 locations total — including 19 in Puerto Rico and a handful scattered in Egypt, Qatar, Taiwan, and the UAE. The Ponderosa parent company filed for Chapter 11 bankruptcy in 2008, the same year as the company that owns Old Country Buffet (and four other buffet chains)...