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<div id="pastingspan1"><span style="">New York City is the unofficial New Year's Eve capital. Seeing the ball drop in Times Square is witnessed by millions of people around the country, even if they aren&#8217;t in the same time zone. Attending a New Year's Eve party can cost a pretty penny anywhere, but it is especially expensive in Times Square.</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">Many New Year&#8217;s goers sit down at a nice restaurant to have a delicious meal to close the book on the year. Others choose to attend a party with a champagne toast. There are plenty of those options in Times Square, including the Michelin-starred Gabriel Kreuther, which is charging participants $175 to attend the restaurants festivities. It&#8217;s a high tab to spend for a meal, but it is nowhere near the amount some of the chain restaurants are charging people to be seated in their properties.</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">A few chain restaurants are charging a king's ransom for their New Year&#8217;s celebration. Both of Applebee&#8217;s Times Square location will be charging $375 a person and <a href="https://www.tgifridays.com/franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=chain-restaurants-charging-a-pretty-penny-for-nye-3220" target="_blank" rel="nofollow" target="_blank">T.G.I. Friday&#8217;s</a> &#8220;Couples Champagne VIP Package&#8221; is priced at $899. This may be expected from a Michelin-starred restaurant you have to book months in advance, but peculiar for chain restaurants.</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">The idea behind the pricey dinner tabs is basically to accrue as much profit as possible. <a href="http://www.wsj.com/articles/chain-restaurants-up-the-anteand-pricesfor-new-years-eve-revelers-1451431415?utm_source=1851franchise.com&utm_medium=article&utm_campaign=chain-restaurants-charging-a-pretty-penny-for-nye-3220" target="_blank" rel="nofollow" target="_blank">The Wall Street Journal</a> said the two Applebee&#8217;s locations can hold about 400 people, which translates to $250,000. And factoring in the food and drinks the restaurants will be spending&#8212;Applebee&#8217;s estimates they will be shelling out $20,000 on alcohol&#8212;the restaurants hope to not take a loss.</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style=""><a href="http://www.wsj.com/articles/chain-restaurants-up-the-anteand-pricesfor-new-years-eve-revelers-1451431415?utm_source=1851franchise.com&utm_medium=article&utm_campaign=chain-restaurants-charging-a-pretty-penny-for-nye-3220" target="_blank" rel="nofollow" target="_blank">Read the full story here</a>.</span></div>

1851 Franchise

Restaurants in Times Square are charging a lot for New Year's Eve plan.

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