Blast From the Past: Ground Round Plans Aggressive Comeback

by Nate Wooley | January 28, 2013 12:33 pm

[1]Ground Round, which filed Chapter 11 more than a decade ago, is primed for a return to the spotlight.

The restaurant was purchased out of bankruptcy by its franchisees, reports Nation’s Restaurant News[2]. It now has 27 restaurants nationwide and hopes to increase that number by 50% over the next few years.

The restaurant — which was spun off from Howard Johnson’s in 1969 — has agreements in place for five new restaurants in New Jersey and eight in Minneapolis-St. Paul, Minn. In all, the firm has agreements for 15 stores at the moment, four or five of which should open in 2013.

The new restaurant concept centers on a smaller, sports-themed dining experience. The prototype of the new idea will debut in Waconia, Minn. at the end of January. It will have two dining rooms — one for family dining and another for the sports clientele.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/01/ground-round-rendering.jpg
  2. reports Nation’s Restaurant News: http://nrn.com/latest-headlines/ground-round-pursues-aggressive-growth-overhaul
  3. The 100 Most Romantic Restaurants in America: http://investorplace.com/2013/01/the-100-most-romantic-restaurants-in-america/
  4. ‘Xtreme’ Eating: The Biggest Calorie Disasters: http://investorplace.com/2013/01/xtreme-eating-the-biggest-calorie-disasters/
  5. 10 Restaurants With the Most Effective Ads: http://investorplace.com/2013/01/10-restaurants-with-the-most-effective-ads/

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