Tao Nightclub and Asian Bistro at the Venetian was the top grossing independent restaurant in the United States at $55 million according to Restaurants and Institutions magazine. New York's Tavern on the Green was second at $38 million. Seven other Las Vegas restaurants were also in the top 25 grossing restaurants for 2007.
Although no other Las Vegas restaurant could come close to Tao's $55 million, the Mix restaurant was in the top 10 with $20 million. Rounding out the top 25 for Las Vegas were Mon Ami Gabi at $18 million, Joe's Seafood, Prime Steak & Stone Crab at $17 million, SW Steakhouse at $17 million, Delmonico Steakhouse at $15.8 million and the Prime Steakhouse at $15 million. Who would have thought that the restaurant business could generate such sales? The Tao Nightclub and Asian Bistro took over their location from the Warner Brothers restaurant which had struggled at that spot. However, it goes to show that Las Vegas has turned into a much greater restaurant town; it now has 21 restaurants on the list of the 100 top grossing restaurants which is more than twice as many as it had in 2000.
John Laub is the President of the CEO-CFO Group. (www.ceo-cfogroup.com)
1. "R&I Top 100 Independent Restaurants-2007." www.rimag.com.
2. "Setting Restaurant Records by Selling the Sizzle." Joe Drape. The New York Times.July 22, 2007.
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