Propel Morning Briefing

Highest-grossing non-chain US restaurants revealed:

The highest-grossing non-chain restaurant concepts in the US have been revealed.

The list, compiled by Restaurant Business magazine, saw Tao Asian Bistro in Las Vegas come top for the fourth consecutive year with total food and beverage revenue of $42,470,345.

The company’s other restaurants to crack the top ten were Tao Downtown in New York City at number three, with $33,401,819 in total sales, and Lavo New York at number seven, with $26,822,655 in total sales.

Showing even the biggest restaurants aren’t immune to the industry’s tough climate, all three reported sales down from the previous year, with the Las Vegas spot down from nearly $48m in 2015.

Of the top 100 grossing restaurants, New York City leads with 30 restaurants, and Las Vegas has 14 restaurants on the list.

The top ten was 1. Tao Asian Bistro (Las Vegas): $42,470,345; 2. Joe’s Stone Crab (Miami Beach): $37,243,159; 3. Tao Downtown (New York): $33,401,819; 4. Carmine’s (Times Square, New York): $33,147,017; 5. Old Ebbitt Grill (Washington DC): $32,662,051; 6. The Boathouse (Orlando): $30,814,369; 7. Lavo New York (New York): $26,822,655; 8. Smith & Wollensky (New York): $25,961,337; 9. Bryant Park Grill & Cafe (New York): $25,400,000; 10. Gibsons Bar & Steakhouse (Chicago): $24,700,825.


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