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

2. Ground Round Grill & Bar

Pct. of stores closed: 80.9%
Total stores: 25
Stores closed: 106
2011 sales: $37.5 million
Pct. decline in sales: -83.4%

Ground Round is a family style dining chain, founded in 1969 to provide a “‘neighborhood pub’ experience where everyone, including couples and families, felt comfortable.” Like a number of other chains on this list, Ground Round declared bankruptcy relatively recently. However, unlike other disappearing restaurants, after its bankruptcy in 2004, the chain was bought by its former franchisees. Despite the change in ownership, the chain has struggled to survive in recent years, maintaining just 25 restaurants in 2011.

More From 24/7 Wall St.:
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10 Brands That Will Disappear in 2013

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

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