I love food and the restaurant business is a lot of fun. What I have never really understood is the business model for restaurants. Well here is a little insight.
TAO Las Vegas at the Venetian Resort Hotel Casino has been named the highest-grossing independently owned restaurant in the U.S. for the second year running by Restaurants & Institutions magazine: The restaurant reported food and beverage sales totaling $66.6 million in 2007, up 20% from 2006. Tao Las Vegas bested second place finisher, New York's Tavern on the Green, by almost $30 million, and it did so with a dining room that seats 400 -- Tavern on the Green's dining room seats 1,500.
So now you know
Cheers!
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