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24/7 Wall St.: America's Disappearing Restaurant Chains

Ground Round Grill & Bar

Change in sales (2001-2010): -81.7 percent
Sales 2001: $225.25 million
Sales 2010: $41.25 million
Change in units (2001-2010): -80.9 percent

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.

(AP Photo/Steven Senne)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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