Change in sales (2001-2010):
-81.7 percent Sales 2001:
$225.25 million Sales 2010:
$41.25 million Change in units (2001-2010):
Ground Round is a casual dining restaurant chain that serves burgers, steaks, Tex-Mex, and more. It has locations in the Midwest and the Northeast. In February 2004, the restaurant’s parent company declared bankruptcy, immediately ceasing operations at 59 company-owned restaurants on a Friday night before the dinner rush. The 72 franchise locations remained open. Ground Round is now owned by Independent Owners Cooperative, LLC, a group of 30 franchise owners. As of 2010, only 25 Ground Rounds remained in business.
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