Murrays Restaurant

What Murrays Restaurant does

Murray's Restaurant, legally "Murray's Restaurant and Cocktail Lounge," is a privately-held, family-owned classic steakhouse operating since 1946 from a single location at 26 S 6th St in downtown Minneapolis, MN. The building itself dates to the 1880s and has become a downtown Minneapolis icon. The restaurant is currently operated by the third generation of the Murray family (Tim, Jill, and James) and is famous for its signature Silver Butter Knife Steak, a tableside-carved strip sirloin for two served since 1946. The menu spans USDA steaks aged a minimum of 28 days, chops, seafood, classic sides, craft cocktails, and an extensive wine list, with à la carte lunch and dinner pricing and a Monday-Friday happy hour.

The business serves four distinct customer segments: corporate executives and business leaders using the restaurant for client entertainment and milestone events; convention and conference attendees within walking distance of the Minneapolis Convention Center; private event hosts (bookings of 20-50 guests) using three configurable private dining rooms; and general public diners seeking upscale steakhouse experiences. Named enterprise customers include Ameriprise, Target, U.S. Bank, Piper Sandler, RBC Wealth Management, and the Big 4 professional services firms (Deloitte, KPMG, EY, PwC). Revenue is generated through on-site dining sales, private event and catering bookings, and a direct-to-consumer e-commerce line comprising physical and digital gift cards ($25-$500), Murray's Grill Packs (frozen steaks shipped nationwide), and a proprietary 8 oz. Steak Seasoning. A Monthly Butcher Box subscription is distributed via Table22. The operation is non-technology centric, with no AI capabilities, no mobile app, and a standard Squarespace e-commerce front end.

Name

Murrays Restaurant

Legal name

Murray's Restaurant and Cocktail Lounge

Website

https://murraysrestaurant.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

51–100 employees

Short description

Murray's Restaurant is a family-owned classic steakhouse operating since 1946 at a single downtown Minneapolis location, serving signature tableside-carved steaks, private corporate events, and nationwide D2C retail of grill packs and steak seasoning. Its primary customers are Fortune 500 executives, convention attendees, and general diners.

Ownership category

akta.pro rank

Product category

Steakhouse / Upscale Restaurant Dining

NAICS

Full-Service Restaurants (722511), Special Food Services (7223)

SIC

Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

akta.pro secondary industry

Special Occasion & Destination Restaurants (THAFACAK)

Keywords

• Classic steakhouse dining
• Private event catering
• Premium aged beef
• Corporate executive dining
• Convention banquet services

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. On-site Dining: Full-service restaurant offering lunch, dinner, and bar service with premium steakhouse cuisine, cocktails, and an extensive wine list. Revenue generated through per-transaction dining sales.
2. Private Event Dining: Private dining services for corporate events, celebrations, and gatherings accommodating 20-50 seated guests. Revenue from catering and event bookings.
3. Gift Cards: Physical and digital gift cards sold online in denominations from $25 to $500.
4. Retail Products: Direct-to-consumer sales of premium steaks (grill packs), Murray's Steak Seasoning, shipped to customers nationwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Murray's Restaurant operates a single-location classic American steakhouse in downtown Minneapolis offering full-service lunch and dinner, a cocktail and wine bar, and private dining rooms for corporate and celebratory events. The company anchors its menu on signature premium USDA steaks aged minimum 28 days, including the proprietary Silver Butter Knife Steak carved tableside since 1946, and complements this with an online retail storefront shipping frozen grill packs and proprietary seasoning, plus physical and digital gift cards. Revenue is generated primarily through per-cover dining sales, private event catering, gift card sales, and direct-to-consumer retail product shipments.

Product overview

Murray's Restaurant is a single-location classic steakhouse in Minneapolis, Minnesota, operating since 1946. The restaurant offers a unified dining experience centered on its signature Silver Butter Knife Steak and premium beef cuts, complemented by a craft cocktail program and extensive wine selection. The company extends its brand through a retail shop offering Murray's Steak Seasoning and Grill Packs (shipped frozen steaks), plus gift cards. Private dining services accommodate 20-50 seated guests for corporate events and celebrations. Additional services include executive dining for business clients, convention dining near the Minneapolis Convention Center, and an online reservation system. The restaurant is currently operated by the third generation of the Murray family.

Differentiator

Problem solved

Functional benefit

Products and services

• Murray's Restaurant Dining Classic steakhouse offering lunch (Tuesday-Thursday), dinner (Monday-Sunday), and bar service featuring signature dishes including the Silver Butter Knife Steak since 1946, with valet parking and happy hour. Targets individual diners, small groups, business lunches, and special occasion meals at the historic downtown Minneapolis location.
• Private Dining Rooms

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Regional players

• The Oceanaire Seafood Room: Upscale seafood-forward fine-dining concept with steak offerings and a comparable ticket size and corporate-event positioning. Adjacent peer in the premium full-service dining category with overlapping high-end clientele.

Broad incumbents

• Outback Steakhouse: Bloomin' Brands-owned national casual steakhouse chain. Operates broadly in the steakhouse category but at significantly lower price points and service model than Murray's; useful as a broader category benchmark.
• LongHorn Steakhouse: Darden-owned national casual-dining steakhouse chain. Broad incumbent in the same category but at a more accessible price point and casual service model — relevant for competitive context rather than direct head-to-head.

Direct peers

• Fogo de Chão: Upscale Brazilian churrasco steakhouse with full-service bar and group/private event offerings. Comparable on premium beef-focused menu, group dining infrastructure, and corporate-event use cases.
• Del Frisco's Double Eagle Steakhouse: Premium steakhouse concept with extensive wine program and private event capabilities targeting corporate clientele. Comparable on high-ticket steak menu, signature shared cuts, and group event infrastructure.
• Morton's The Steakhouse: Long-established national upscale steakhouse chain serving prime steaks and seafood with significant private event business. Directly comparable on steakhouse menu, ticket size, and executive-client use case.
• The Capital Grille: Darden-owned upscale steakhouse chain featuring dry-aged steaks, an extensive wine list, and private dining for corporate events. Comparable premium positioning, menu structure, and B2B event revenue mix.
• Ruth's Chris Steak House: National upscale steakhouse chain serving USDA Prime steaks with private dining capabilities. Comparable on signature steak menu, tableside service rituals, and corporate executive-dining customer segment.
• Manny's Steakhouse: Minneapolis-based upscale steakhouse offering premium aged steaks and corporate/private event dining. Directly comparable as a local high-end steak competitor targeting the same executive clientele and convention-driven traffic.

Emerging players

• Butcher & the Boar: Minneapolis-based smokehouse and craft butchery with premium meat-focused menu and house-made charcuterie. Adjacent peer sharing Minneapolis market and premium meat sourcing philosophy, with overlap on craft steakhouse/bar positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/murrays-restaurant

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Murrays Restaurant