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Ground
Round Honors Founding Members on Their 10th Anniversary
of
Being a Franchise Owned Brand
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Freeport,
ME – March 2014 / Newsmaker Alert / Ground
Round franchise owners and vendor partners gathered in February for
their Annual Franchise Conference in San Antonio, TX. On the final night
of a three day conference agenda, they celebrated their 10th anniversary
of being a Franchise Owned brand by honoring their Founding Members who
were there 10 years ago and remain active today in the leadership of the
brand. “These Founding Members came together at the most risky of times
to form a Cooperative and purchase the Ground Round chain and move it forward.
This 10 year journey has brought our brand back to debt free status, growth
and a more stable future to look forward to for all who call Ground Round
a part of their life today,” stated Jack Crawford, President & CEO
of Ground Round Independent Owners Cooperative (Ground Round IOC).
Ground
Round also presented its annual awards to the following individuals and
teams:
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2013
Overall Results
Ground
Round also had a very strong year in results in 2013, with system wide
comp sales growth of 2.5% and the openings of 5 new locations in Waconia
MN, Oshkosh WI, Farmington MN, East Windsor NJ and Ponca City OK. “This
past year was our 4th year in a row posting same store sales growth as
a chain and Average Unit Volume rose to nearly $2 million, up from $1.4
million in 2004 when our Franchise Members purchased the brand!” offered
Gary Serino, Chief Financial Officer of Ground Round IOC.
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About
Ground Round IOC
Ground
Round IOC offers a unique franchise model whereby franchisees can own their
own franchise restaurant and also purchase an ownership/membership share
and stake in the overall future and growth of the brand. Ground Round IOC
operates restaurants across the Midwest and Northeast areas of the United
States, with headquarters based in Freeport, Maine.
For
more information, visit www.groundround.com.
Contact:
Jack
Crawford
President
& CEO
Ground
Round IOC |
