Restaurant & QSR Expansion Report

Strong NY Sales Get Favorable Results

Earlier in February, New York-based Ark Restaurants Corp. reported the financial results for its first quarter that ended on December 28, 2013. Total revenues for the three month period were $32,138,000 versus $31,336,000 for the three months ended December 29, 2012. Company-wide same store sales increased 1.8 percent for the quarter compared to the same period last year. The increase was primarily the result of strong revenues in New York which compared favorably against the negative impact of Hurricane Sandy in the prior year on the business in the Northeast.  Ark Restaurants owns and operates 20 restaurants and bars, 22 fast food concepts and catering operations in New York City, Washington, D.C. and Las Vegas.  Five restaurants are located in New York City, three are located in Washington, D.C., seven are located in Las Vegas, Nevada, three are located in Atlantic City in New Jersey, one is located at the Foxwoods Resort Casino in Ledyard, Connecticut and one is located in Boston, Massachusetts. The Las Vegas operations include five restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts; one bar within the Venetian Casino Resort, as well as three food court concepts and one restaurant within the Planet Hollywood Resort & Casino. In Atlantic City, New Jersey, the company operates a restaurant and a bar in the Resorts Atlantic City Hotel & Casino and a restaurant in the Tropicana Hotel & Casino. The operations at the Foxwoods Resort Casino include one fast food concept and one restaurant. In Boston, Massachusetts, the company operates a restaurant in the Faneuil Hall Marketplace. The Florida operations under management include five fast food facilities in Tampa, Florida and seven fast food facilities in Hollywood, Florida, each at a Hard Rock Hotel & Casino operated by the Seminole Indian Tribe at these locations.

Ark Restaurant Corp. - 85 Fifth Avenue, 14th Floor, New York, New York 10003 (tel 212/206-8800  fax 212/206-8814 www.arkrestaurants.com info@arkrestaurants.com )

 

 

s2Member®