Ground Round pays down debt, eyes growth

Now that the Ground Round franchisee cooperative has paid off its loans from the 2004 bankruptcy-court acquisition of the brand, the debt-free group is turning its attention to growth and nontraditional development.

The 24-unit Ground Round Independent Owners Cooperative, based in Freeport, Maine, plans to open a second unit of its smaller Ground Round Sports Grille concept and is seeking other development opportunities.

“The franchise owners are now in a better position t

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