Sold

The former Ponderosa Steakhouse property in Sandy Township was sold Feb. 9.

DuBOIS — The sale of the former Ponderosa Steakhouse property in Sandy Township was recorded Feb. 9, according to the Clearfield County Register & Recorder’s office.

The seller is listed as DuBois Bonanza Inc., with the principal’s address listed as 1216 Daisy St., Clearfield. The buyer is listed as GUO Enterprises, 48 Greenbriar Ave., Selinsgrove, Pa.

The price of the sale of the 1.35 acre is listed at $925,000.

The previous business, Ponderosa Steakhouse located on Route 255, closed at the end of the day Feb. 3.

In business for 39 years, Owner Sam Mollica said the restaurant closed because he is retiring, according to a previously published Courier-Express article.

The business had been owned and operated by the Mollica family since 1979.

Though a new restaurant is expected to replace Ponderosa, no further details on what that may be were available by press time.

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