Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars.
The company owns and/or operates restaurants and bars, fast food concepts and catering operations in New York City; Washington, D.C.; Las Vegas, Nevada; Atlantic City, New Jersey; the east coast of Florida; and the gulf coast of Alabama.
All of the company’s expansion in recent years has been through acquisitions as follows: The Rustic Inn in Dania Beach, Florida (2014); Shuckers in Jensen Beach, Florida (...
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars.
The company owns and/or operates restaurants and bars, fast food concepts and catering operations in New York City; Washington, D.C.; Las Vegas, Nevada; Atlantic City, New Jersey; the east coast of Florida; and the gulf coast of Alabama.
All of the company’s expansion in recent years has been through acquisitions as follows: The Rustic Inn in Dania Beach, Florida (2014); Shuckers in Jensen Beach, Florida (2016); two Original Oyster Houses, one in Gulf Shores, Alabama and one in Spanish Fort, Alabama (2017), JB's on the Beach in Deerfield Beach, Florida (2019), and Blue Moon Fish Company (2021) in Lauderdale-by-the-Sea, Florida.
Seasonal Nature of Business
The company’s business is highly seasonal; however, its broader geographical reach as a result of recent acquisitions is expected to continue to mitigate some of the risk. For instance, the second quarter of the company’s fiscal year, consisting of the non-holiday portion of the cold weather season in New York and Washington (January, February and March), is the poorest performing quarter; however, in recent years this has been partially offset by its locations in Florida as they experience increased results in the winter months. The company achieves its best results during the warmer weather, attributable to the company’s extensive outdoor dining availability, particularly at Bryant Park in New York and Sequoia in Washington, D.C and its outdoor cafes. The company’s facilities in Las Vegas are indoor and generally operates on a more consistent basis throughout the year (for the year ended September 2024).
Government Regulation
The company’s facilities must comply with the applicable requirements of the Americans with Disabilities Act of 1990 (‘ADA’) and related state statutes.
History
Ark Restaurants Corp., a New York corporation, was founded in 1983. The company was incorporated in 1983.