Grindstone on the Monon

What Grindstone on the Monon does

Grindstone on the Monon is a full-service American cuisine restaurant operating from a single ground-up-built location at 17470 Wheeler Road in Westfield, Indiana, which opened in August 2019. The restaurant serves local residents and visitors in the Hamilton County area with a menu centered on premium seafood, house-smoked meats, fresh pastas, and locally sourced ingredients from regional farm partners, complemented by a full bar program of cocktails, beer, wine, and spirits. Beyond core dine-in service, the business operates four additional revenue lines: private and semi-private event hosting (with configurable spaces ranging from a 45-seat room to a full 230-guest buyout), off-premise catering for corporate and family events, gift cards (physical and digital) fungible across all Clancy's Hospitality locations, and online ordering for takeout.

The restaurant is owned and operated by Clancy's Hospitality, a family-owned restaurant company founded in 1965 by the Fogelsong family and currently led by President/CEO Perry Fogelsong. The parent group operates six sibling concepts (Grindstone Charley's, Grindstone Public House, Michael Angelo's Italian Bistro, Clancy's Hamburgers, The Fountain Room, and The Pretender), and Grindstone on the Monon benefits from cross-portfolio infrastructure including shared gift card programs, marketing channels, and operational management. The on-site team comprises 15 staff including a General Manager (Mike Yaklin), Executive Chef (Kene Young), Assistant General Manager, multiple Assistant Managers, an Event Sales Manager, and a Sous Chef.

The underlying technology stack is entirely composed of off-the-shelf restaurant SaaS rather than proprietary systems: BentoBox powers the website, Tripleseat manages private event bookings, OrderExperience handles online ordering, MyGuestAccount manages email and gift card commerce, Birdeye aggregates customer reviews, and ADP Workforce Now handles HR and recruiting. There is no disclosed proprietary technology, no AI/ML capability, and no mobile app. The go-to-market is direct-to-consumer, relying on organic social media (Facebook, Instagram, TikTok, Twitter), earned regional press coverage, email/newsletter marketing via the Frequent Diner Club, and a website-driven reservation and inquiry flow. Pricing is unit-based per menu item, with Happy Hour discounts (Mon-Fri 3-6pm) and Monday half-bottle wine specials as the principal promotional levers.

Name

Grindstone on the Monon

Legal name

Clancy's Hospitality

Website

https://grindstoneonthemonon.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Grindstone on the Monon is a single-location full-service American cuisine restaurant in Westfield, Indiana, opened in 2019 by Clancy's Hospitality (Fogelsong family, est. 1965), serving local diners, private events up to 230 guests, and off-premise catering.

Ownership category

akta.pro rank

Headquarters

HQ city

Westfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Dine-in Food and Beverage Sales: Revenue from serving food and beverages to guests dining in the restaurant. Menu includes appetizers, salads, mains, steaks, seafood, pasta, handhelds, desserts, cocktails, beer, wine, and spirits.
2. Private Events: Revenue from hosting private events including business meetings, rehearsal dinners, parties, and full restaurant buyouts. Venues include Carl's Room (80 capacity), Bunny's Room (45 capacity), Patio Buyout (60 capacity), and Full Buyout (230 capacity).
3. Catering Services: Revenue from catering services for off-site events including corporate lunches, celebrations, and private gatherings.
4. Gift Cards: Revenue from sale of gift cards valid at all Clancy's Hospitality restaurant locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Grindstone on the Monon is a full-service American cuisine restaurant offering dine-in service, private and semi-private event hosting (Carl's Room 80 capacity, Bunny's Room 45 capacity, Patio Buyout 45 seated/60 cocktail, Full Buyout up to 230 guests), and off-site catering services. The menu features premium seafood, house-smoked meats, fresh pastas, handhelds, steaks and chops, and locally sourced ingredients from regional farms, complemented by a full bar program of cocktails, beer, wine, and spirits plus Happy Hour specials Mon-Fri 3-6pm.

Product overview

Grindstone on the Monon is a family-owned American cuisine restaurant operated by Clancy's Hospitality, offering a unified dining experience centered around its restaurant at 17470 Wheeler Road in Westfield, IN. The restaurant's core offering is its dining services featuring contemporary and rustic American cuisine with premium seafood, house-smoked meats, and fresh pastas made from locally sourced ingredients. Beyond in-restaurant dining, the business operates as an integrated hospitality platform providing multiple service lines: private events and catering services for group dining (weddings, corporate events, rehearsal dinners), an online ordering system for takeout, table reservations, and gift cards valid across all Clancy's Hospitality locations. The menu is available across multiple categories including appetizers, salads, mains, pastas, handhelds, steaks, seafood, and desserts, complemented by a full bar program with cocktails, beer, wine, and spirits. Happy Hour specials are offered Monday-Friday 3pm-6pm.

Differentiator

Problem solved

Functional benefit

Products and services

• Restaurant Dining Services Full-service American cuisine restaurant offering dine-in service with premium seafood, house-smoked meats, fresh pastas, and locally sourced ingredients. Features indoor dining, bar seating, and outdoor patio seating with business hours Mon-Thu 11am-10pm, Fri-Sat 11am-11pm, Sun 11am-9pm. Open to general public diners in the Westfield, IN market.
• Private Events and Dining Private and semi-private dining event hosting for business meetings, rehearsal dinners, parties, and full restaurant buyouts. Venue configurations include Carl's Room (capacity 80), Bunny's Room (capacity 45), Patio Buyout (45 seated/60 cocktail), and Full Buyout (up to 230 guests reception style). Includes dedicated Event Sales Manager support.
• Catering Services Off-site catering services for corporate lunches, office parties, at-home celebrations, weddings, rehearsals, showers, and fundraisers. Offers a full catering menu with customizable event catering options for businesses and families across the Central Indiana region.
• Gift Cards Clancy's Hospitality Gift Cards available in two formats: Classic Gift Cards (physical cards shipped in 5-10 business days) and eGift Cards (delivered instantly with customizable messages). Usable at all Clancy's Hospitality restaurant locations.
• Online Ordering Online food ordering system for takeout and delivery orders placed through the OrderExperience platform, enabling off-premise consumption of the restaurant's menu.
• Table Reservations Table reservation system allowing guests to book tables for 1-8+ people with date and time selection via the restaurant's website.
• Full Menu Offerings (Food and Beverage) Comprehensive food and beverage menu including appetizers ($6-$20), salads ($13-$17), main courses ($19-$30), pastas, handhelds and sliders ($6-$7 sliders), steaks and chops (8oz Filet $40, 16oz Ribeye $44, Prime Rib $40-$48), seafood, prime rib, kids menu, desserts ($10-$12), and full bar program of cocktails ($9-$60), draft beer ($5-$8), wine by the glass ($9-$21), bottles ($28-$130+), and spirits. Happy Hour specials Mon-Fri 3-6pm.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Partnerships

Four partnerships are on record, tiered core.

• Holladay Construction GroupcoreOthers · 1 August 2019General contractor that built the Grindstone on the Monon property from the ground up at 17470 Wheeler Road, completed in August 2019.
• Phanomen/designcoreOthers · 1 August 2019Design firm responsible for the design and execution of bringing the Grindstone on the Monon vision to life, creating the contemporary and rustic aesthetic.
• Clancy's HospitalitycoreOthersFamily-owned and operated restaurant company that owns and operates Grindstone on the Monon along with multiple other restaurant concepts including Grindstone Charley's, Grindstone Public House, Michael Angelo's Italian Bistro, Clancy's Hamburgers, The Fountain Room, and The Pretender.
• Local Farms and PurveyorscoreStrategic or Co-development PartnerLocal farms and food purveyors committed to quality, authenticity, and sustainable practices. The restaurant's menu proudly sources ingredients from these local partners, supporting the farm-to-fork concept.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Eddie Merlot's: National upscale steakhouse chain featuring prime steaks, fresh seafood, and an extensive wine list. Directly comparable on premium pricing, private dining, and full-service hospitality model, though broader geographic footprint.
• Seasons 52: National fresh-grill concept under Darden focusing on seasonal American menu with full bar and wine program. Comparable on locally inspired American cuisine, full bar, and event/group dining capabilities at scale.
• The Capital Grille: National upscale steakhouse chain with an Indianapolis location. Comparable on premium steak and seafood pricing, private dining event capabilities, and full bar program, though operating at much larger scale under Darden ownership.

Direct peers

• Bluebeard: Indianapolis farm-to-fork restaurant emphasizing locally sourced ingredients and seasonal American cuisine. Directly comparable farm-to-fork positioning, full bar, and full-service dining in the same metro area.
• St. Elmo Steak House: Iconic Indianapolis upscale steakhouse serving premium steaks, seafood, and cocktails. Comparable on upscale price points (steaks $40+), full-service dining model, full bar program, and Indianapolis market positioning.
• Harry & Izzy's: Indianapolis upscale-casual restaurant and bar affiliated with St. Elmo Steak House. Comparable full-service American dining with strong cocktail/beer program and event hosting in the same metro market.
• Grindstone Public House: Another sibling concept under Clancy's Hospitality with comparable American pub-style menu and full bar. Shares operational infrastructure, marketing channels, and Frequent Diner Club with Grindstone on the Monon.
• Michael Angelo's Italian Bistro: Clancy's Hospitality sibling concept offering full-service Italian dining with bar. Shares parent company infrastructure and Frequent Diner Club while operating a different cuisine concept in the same Indianapolis market.
• Grindstone Charley's: Sibling concept under Clancy's Hospitality offering similar American cuisine with bar program in the greater Indianapolis market. Same parent company, shared gift card program, and overlapping customer base make this the most directly comparable operating peer.
• Public Greens: Indianapolis casual farm-to-fork concept emphasizing locally sourced ingredients. Comparable farm-to-fork positioning and Indianapolis metro market presence, though at lower price point and more casual service model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/grindstonemonon
• Facebookfacebook.com/GrindstoneontheMonon
• Instagraminstagram.com/grindstoneonthemonon/?hl=en
• TikToktiktok.com/@clancyseats
• LinkedInlinkedin.com/company/grindstone-on-the-monon

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grindstone on the Monon