Profile: Ark Restaurants Corp (ARKR.OQ)
20 Dec 2013
Ark Restaurants Corp. (ARKR) owns and/or operates 22 restaurants and bars, 29 fast food concepts and catering operations through its subsidiaries. As of October 2, 2010, nine of its restaurant and bar facilities are located in New York City, four are located in Washington, The District of Columbia, five are located in Las Vegas, Nevada, two are located in Atlantic City, New Jersey, one is located at the Foxwoods Resort Casino in Ledyard, Connecticut and one is located in the Faneuil Hall Marketplace in Boston, Massachusetts. The Las Vegas operations include three restaurants within the New York-New York Hotel and Casino Resort and operation of the hotel’s room service, banquet facilities, employee dining room and seven 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 and Casino.
In Atlantic City, New Jersey, the Company operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino. The operations at the Foxwoods Resort Casino include one fast food concept and six fast food concepts at the MGM Grand Casino. 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 and Casino. The names and themes of each of its restaurants are different except for the two America restaurants, two Sequoia restaurants, two Gonzalez y Gonzalez restaurants and two Gallagher’s Steakhouse restaurants. The menus in the restaurants offer a variety of foods. Each restaurant is managed by its own manager and has its own chef. Food products and other supplies are purchased primarily from various unaffiliated suppliers. Columbus Bakery in Las Vegas supplies bakery products to its Las Vegas restaurants, in addition to operating a wholesale bakery.
During the fiscal year ended October 2, 2010 (fiscal 2010), the Company’s restaurant operations include 12 fast food facilities in Tampa, Florida and Hollywood, Florida; the Gallagher’s Steakhouse and Gallagher’s Burger Bar in the Resorts Atlantic City Hotel and Casino in Atlantic City, New Jersey; The Grill at Two Trees at the Foxwoods Resort Casino in Ledyard, Connecticut; Durgin Park Restaurant and the Black Horse Tavern in the Faneuil Hall Marketplace in Boston, Massachusetts, and Yolos, at the Planet Hollywood Resort and Casino (formerly known as the Aladdin Resort and Casino) in Las Vegas, Nevada.
The Company operates seven small food court restaurants in the Village Eateries food court at the New York-New York Hotel and Casino. It also operates hotel’s room service, banquet facilities and employee cafeteria. It operates two small food court restaurants in a food court at the Venetian Casino Resort. In August 2010, the Company entered into an agreement to lease the former ESPN Zone space at the New York-New York Hotel and Casino Resort in Las Vegas and re-open the space under the name The Sporting House. This restaurant opened at the end of October 2010. During the fiscal 2010, the Company closed its Pinch & S’Mac operation located in New York City and re-concepted the location as Polpette, which features meatballs and other Italian food.
Ark Restaurants Corp
14th Floor, 85 Fifth Avenue
NEW YORK NY 10003