New York City Dominates the List of the Highest-grossing Independent Restaurants

Foodie paradise meet lucrative business venture. New York City has been ranked the highest in a list of most profitable restaurants with thirty businesses in the top 100 independent restaurants in Restaurant Business magazine. Populated areas like cities tend to bring in profits from tourism. Some of the highest grossing include the well known Carmine’s but also newly opened ones like Mario Batali’s La Sirena. Independents face different market obstacles from chain facilities and in New York City, they met the challenge.

Key Takeaways:

• A ranking of the top 100 non-chain restaurants has been released that includes 30 New York restaurants.
• Revenue for the restaurants on the list were relatively unchanged from the previous year.
• Most of the restaurants on the list were located in cities, where more tourist dollars are available.

“Overall, revenues for this year’s Top 100 remained relatively flat from last year’s list, totaling about $1.8 billion in 2016.”

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