Groot Hospitality’s Komodo Named Top Earning Restaurant within the U.S. by Restaurant Business Online Magazine

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Groot Hospitality’s Komodo Named Top Earning Restaurant within the U.S. by Restaurant Business Online Magazine


When it involves restaurant income, the Magic City is tops, based on a current checklist rating the nation’s top-grossing institutions in 2022.

Earlier this week, the industrial restaurant business journal Restaurant Business Online launched its “Top 100” checklist of the biggest unbiased eating places.

Attempts to contact a spokesperson from Restaurant Business have been unsuccessful, however its analysis exhibits the 2022 checklist represents a variety of menus and value factors garnered from institutions that served 272 million meals in 2021 whereas producing $1.8 billion in gross sales.

Out of the nation’s 100 top-ranked eating places, quite a few South Florida institutions took high spots on the checklist, together with the nation’s highest-grossing restaurant.

David Grutman’s Groot Hospitality-owned Komodo took the primary spot. The Brickell restaurant is reported to have a median annual income of $41,000,000, with the common examine priced at $115 per desk.

Two extra Groot Hospitality institutions took high spots, together with the Design District’s Swan and Miami Beach’s Papi Steak. Mila, Shooters Waterfront, Prime 112, and Marion additionally made the highest 20 because the nation’s high earners.

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Groot Hospitality’s Komodo made the Restaurant Business journal’s high spot on its current ‘Top 100’ income checklist for post-pandemic earnings.

Groot Hospitality photograph

A breakout winner was Grove Bay Hospitality’s Stubborn Steed, the Jeremy Ford-helmed Miami Beach gem that grossed an estimated $11,158,000 within the 12 months following the pandemic — fairly a feat for a 70-seat restaurant when in comparison with the common 200-seat capability institutions that made the checklist.

According to Grove Bay Hospitality accomplice Ignacio Garcia-Menocal, Stubborn Seed’s gross sales went up 50% in 2021 and almost doubled once more in 2022.

While Grove Bay correlates a lot of Stubborn Seed’s income to the restaurant’s excessive common per-person invoice and fixed nightly turnaround, Garcia-Menocal tells New Times it’s additionally due to a long-standing fame, a Michelin star designation, and a bustling Miami eating scene in the course of the pandemic restoration are additionally vital elements.

“To greater than double in gross sales is clearly an enormous, large change, and we attribute that to numerous exhausting work, making a reputation for ourselves, and a little bit little bit of being in the fitting place and the fitting time with Miami being so common,” stated Garcia-Menocal.

“It was such a bizarre 12 months — an important 12 months for gross sales, but in addition a difficult one to function. In 2020, we went from asking ‘Are we going to make it?’ to assembly a ton of challenges from provide chain points to staffing shortages,” provides Garcia-Menocal. “We’re all honored to be on this checklist. For us, it is actually a fruits of all of the exhausting work.”

Additional South Florida eating places embody Rusty Pelican in Miami (twenty eighth); Miami Beach’s Makoto (thirty fourth); Rustic Inn Crabhouse in Fort Lauderdale (thirty ninth); fifteenth Street Fisheries in Fort Lauderdale (56th); Casa Tua Miami (79th); Steak 954 in Fort Lauderdale (93rd); and L’Atelier de Joël Robuchon Miami (99th). 



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