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Tao in Vegas Tops Country's Highest-Grossing Restaurants

From Leila Cohan, Grub Street Chicago: Las Vegas's Tao, New York's now-shuttered Tavern on the Green, and Joe's Stone Crab in Miami top Restaurants & Institutions list of the 100 highest-grossing independent restaurants of 2010. New York restaurants comprise half of the top ten, (including Tavern on the Green which, despite closing, reported $27 million in sales last year) and 30 entries on the list overall, but Chicago comes in strong with six (including tenth top-selling spot Gibson's Steakhouse, which took in just under $20 million last year).

San Francisco's tops out with The Slanted Door at number 21 ($15.8 million) and Los Angeles and Philadelphia tie with three entries each. L.A.’s Gladstones Restaurant posted $13.7 million in sales last year and ranks 41st, while Philly's Parc captured the 66 slot with nearly $12 million in sales. Boston is solely represented by Abe & Louie's Steakhouse, which grossed nearly $15 million and ranked 28th. Who had the highest average dinner check in the land? That honor goes to Mario Batali's Del Posto in New York. Customers part with about $155 over dinner.

Here are the Top 20 restaurants by Gross 2009 Sales*:

  1. Tao Las Vegas Restaurant & Nightclub, Las Vegas, $59,292,345
  2. Tavern on the Green, New York City $27,000,000
  3. Joe's Stone Crab, Miami $26,272,000
  4. Smith & Wollensky, New York City $25,053,000
  5. Old Ebbitt Grill, Washington, D.C. $24,455,866
  6. Carmine's (44th Street), New York City $24,000,000
  7. Lavo Italian Restaurant & Nightclub, Las Vegas $22,007,235
  8. Tao Asian Bistro, New York, City $20,700,469
  9. Buddakan, New York City $20,074,102
  10. Gibsons Bar & Steakhouse, Chicago $19,977,039
  11. Joe's Seafood, Prime Steak & Stone Crab, Chicago $19,700,000
  12. Fulton's Crab House, Lake Buena Vista, Fla $19,400,000
  13. Joe's Seafood, Prime Steak & Stone Crab, Las Vegas $19,000,000
  14. Prime One Twelve, Miami Beach, Fla. $18,889,430
  15. Bob Chinn's Crab House, Wheeling, Ill. $18,178,45
  16. SW Steakhouse, Las Vegas $18,100,000
  17. Mix, Las Vegas $18,000,000
  18. Sparks Steak House, New York City $17,300,000
  19. Craftsteak, Las Vegas $17,000,000
  20. Prime Steakhouse, Las Vegas $16,435,667
Source: Restaurant and Institutions



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