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March 5, 2011
With so many restaurants in Battery Park being shut down, such as The Gate House, Johnney’s Fish Grill, Fox Hounds, Applebee’s, Steamers Landing, Pizza Bola, Pac Rim, etc, one might conclude that it is impossible to run a profitable restaurant down here. Not the case. All it takes is quality ingredients and an owner who slightly cares about managing.
Case in point: Blockheads Burritos in the WFC by Vesey Street is flourishing. Blockheads offers freshly-made basic Tex-Mex food served out of a small, low overhead, store.
We were curious about the revenue Blockheads pulls in, so we asked. They make $25,000 to $35,000 a week (and improving) and sold 269 meals on Friday, March 4th. Conservatively, this translates into approximately $1.3 Million per year. Given that they have only 4 to 6 employees at any one time, and the low cost of ingredients, Blockheads has to be considerably profitable.
With the imminent launch of several Danny Meyer restaurants in the Embassy Suites building, hopefully Battery Park will finally have some competently-managed establishments from which to choose. It is indeed possible to run a profitable, quality, restaurant in our neighborhood.