Get All Access for $5/mo

Celebrate New Year's Eve With a $375 Dinner -- at Applebee's? Applebee's customers are usually seeking deals for dinner. This New Year's, however, one franchisee is charging big bucks for an open bar and buffet.

By Kate Taylor

Opinions expressed by Entrepreneur contributors are their own.

Usually, Applebee's draws in customers with deals like two-for-$20 entrees. However, tomorrow some New Yorkers are prepared to spend almost 20 times that much for a ticket at the $375 Applebee's New Year's Eve Party.

Two Applebee's locations in the Times Square "lock-down zone" are offering customers a buffet, open bar, DJ and dance floor for $375. The major draw of the event is its location -- within striking distance of the famous Time's Square midnight ball drop.

The bash has very little in common with the typical "night out" at the chain. "In every step you make you will be submersed in crowds of people from all walks of life, from all areas of the world, in all ages!" promises the event website. "There is nowhere else in the world, except the Olympics, that you will be around such a diverse group of people!"

Related: Chili's Is Getting Into the Delivery Business -- For Orders $125 and Up

Zane Tankel, the franchisee who owns the two Applebee's where the event will occur, claims the restaurants are typically "filled up through the rafters" on New Year's Eve. Tankel expects about 500 customers at each restaurant this year, with a strong out-of-town and international showing.

Ninety-nine percent of Applebee's are franchised, allowing franchisees the freedom to hold creative events unique to their restaurant's locations. The two Applebee's holding New Year's bashes are owned by Tankel's company, Apple-Metro Inc., which owns a total of 36 Applebee's in New York's five boroughs, Westchester and Rockland counties.

Other chains are getting in on the action as well. TGI Friday's has a "Couple's Champagne VIP Package" for $1,095 in its Times Square location. Ruby Tuesday's Time Square restaurant has tickets going for $295, with $495 platinum VIP options.

Related: Meet the Chefs Who Are Bringing Quality Food to the Masses

Kate Taylor

Reporter

Kate Taylor is a reporter at Business Insider. She was previously a reporter at Entrepreneur. Get in touch with tips and feedback on Twitter at @Kate_H_Taylor. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Growing a Business

5 Books to Help You Motivate, Unify and Build Perspective

In a post-Covid world, check out these must-read books to help build a more resilient organization, create a modern work culture and maintain a powerful growth mindset.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Making a Change

Learn All of Rosetta Stone's Languages for $152

A lifetime subscription is nearly $250 off for a limited time.