RESTAURANTS.Ranked by annual gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. EXECUTIVE SUMMARY THE upper ranks of this year's list of the top-grossing L.A. restaurants remains unchanged, with Gladstone's 4 Fish weighing in at No. 1 for the fourth year in a row and Lawry's, The Prime Rib restaurant in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. repeating in the No. 2 spot. One of the biggest changes in this year's list is The Yard House, a Long Beach bar and restaurant that has 250 different beers on tap. It catapulted from No. 24 on last year's list to No. 3 this year, with $8.5 million in 1999 sales, up from $6.7 million in 1998. The success is prompting the owners to open additional locations throughout Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . A new location opened in Costa Mesa Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. in November 1999. Another eatery is set to open in May 2001 at the Irvine Spectrum in Orange County, said Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Steve Reynolds, one of four partners. Restaurant sales overall in California continued to increase. In 1999, they totaled $28.7 billion and are projected to hit $30.4 billion in 2000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the California Restaurant Association. THE PACESETTER GLADSTONE'S 4 FISH GLADSTONE'S motto is: "If it swims, we've cooked it." That's one of the reasons the restaurant is the top-grossing eatery in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The other reason is its location: right on the edge of the U.S., where the turf meets the surf. Ever since it opened in 1972, the restaurant with sawdust and peanuts on the floor and a spectacular view of the blue Pacific, has been a culinary symbol of everything Southern Californian. It's frequented by longtime locals, tourists and Hollywood types. The place is so popular that at one time even Lakers star Shaquille O'Neal was interested in buying it. Last year the restaurant grossed $13.95 million, up 6.48 percent from $13.1 million in 1998. The 700-seat restaurant sits on state-owned land in Will Rogers State Park and nearly lost its 15-year lease a few years ago. But California Beach Restaurants, which operates Gladstone's, was able to negotiate a 20-year lease renewal. With that, the restaurant was remodeled. It added an outdoor kitchen and is now able to seat as many as 375 people out on the balcony. |
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