We often speak about how difficult it can be to run a restaurant, how profit margins in fine dining are low and how managing to maintain a restaurant as a business can be very tough. However, this doesn’t ring true for all restaurants, in fact, many make millions of dollars a year from their highly effective, streamlined and perfectly executed systems. We’re not talking about McDonald’s here, but those spots in cityies around the U.S. that perfect the art of running a restaurant as a business.
In fact the highest grossing restaurant in the U.S, Tao Las Vegas, racks in annual sales of around $42,000,000 from 226,146 meals served, bringing them a cheque average of $90. It’s a nightclub, beach club and restaurant in one, but even with that and its celeb guest list, $42 million is mad money.
In fact, 24/7 Wall Street recently published a list of the highest grossing restaurants in the U.S and the results are both surprising and revealing.
On top of number one place, Tao have two other locations on the list: Tao in Downtown New York at number three with $33,401,819 and Tao in Uptown New York at number 14 with $23,089,638.
Number two on the list is Joe's Stone Crab in Miami where seafood is served to excess and people wait outside to sample their famous stone crabs, oysters, shrimp and snapper. They rack in an annual sales of just over $37,000,000, serving 316,000 meals a year.
16 of the overall top 50 grossing restaurants in the U.S are steakhouses and New York is where people spend the most with a total of 20 out of the 50 restaurants appearing in The Big Apple.
Below is the top 20 grossing restaurants in the U.S.