ツボハチ = Tsubohachi, a very popular chain of izakayas (pub restaurants). This one may have been closed previously (the blue writing says it's coming back or reopening). The sign below that refers to a pachinko place in the same building.
復活 would modify 24時間営業 in this case, thus, it would mean they started being open for business 24 hours a day again, I think.
Here's the same place in February, 2016. Google マップ
As you can see, there is a tower building 新宿東宝ビル Shinjuku Toho Building at the end of the street. The building was completed in April, 2015, so your picture is older than that.
A google search result says that Tsubohachi in that building is called 全面リニューアル店. Thus, it reopened after full renovation, so Glenski-san's interpretation of 復活 is correct. Sorry for my misinterpretation.