Las Vegas is home to the top-grossing restaurant in the United States, Tao, along with 13 other high-volume players from the Top 100. The city hosts several celebrity chefs and leading multiconcept operators.
The first location of the concept in India, where it is called Boston Chicken, appears to have shut down following a lawsuit from its landlord over unpaid rent.
The Bottom Line: Weak profitability among franchisees and conflicts with the operators should give more restaurant chains pause as they ponder business model options.
Tech Check: The company offers funding for restaurants in exchange for dining credits, with no debt or equity involved. It says the “too good to be true” model is the real deal.