Murrays Restaurant
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.
- Company typePrivate
- Founded1946
- HeadquartersMinneapolis, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
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.
Murrays Restaurant firmographics
Firmographics- 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
Murrays Restaurant industry classification
Industry- 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
Where Murrays Restaurant is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Murrays Restaurant business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- 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.
- Private Event Dining: Private dining services for corporate events, celebrations, and gatherings accommodating 20-50 seated guests. Revenue from catering and event bookings.
- Gift Cards: Physical and digital gift cards sold online in denominations from $25 to $500.
- Retail Products: Direct-to-consumer sales of premium steaks (grill packs), Murray's Steak Seasoning, shipped to customers nationwide.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Physical Gift Cards |
| Unit Pricing | Pay-as-you-go | Murray's Steak Seasoning |
| Unit Pricing | Pay-as-you-go | Murray's Grill Packs |
| Unit Pricing | Pay-as-you-go | Lunch Menu Items |
| Unit Pricing | Pay-as-you-go | Dinner Menu Items |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Murrays Restaurant product offering
Product offeringCore 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
Companies that use Murrays Restaurant
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Murrays Restaurant technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Murrays Restaurant partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Murrays Restaurant competitors and assessment
Company assessmentRegional 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
Murrays Restaurant social profiles
Digital presenceMurrays Restaurant financial estimates
Financial estimateRevenue estimate
Valuation estimate
Murrays Restaurant leadership team
Management profileNumber of profiles
Profiles4 records
Murrays Restaurant funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Murrays Restaurant M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Murrays Restaurant
What does Murrays Restaurant do?
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.
Is Murrays Restaurant a public or private company?
Murrays Restaurant is a private company. It is classified as family owned and is currently operating.
When was Murrays Restaurant founded?
Murrays Restaurant was founded in 1946. It employs 51 to 100 people.
Where is Murrays Restaurant based?
Murrays Restaurant is headquartered in Minneapolis, United States, in the North America region.
How does Murrays Restaurant make money?
Four revenue lines are on record. On-site Dining is the primary driver. The others are private Event Dining, gift Cards and retail Products.
Who are Murrays Restaurant's main competitors?
The Oceanaire Seafood Room is listed as a regional player. Broad incumbents are Outback Steakhouse and LongHorn Steakhouse. Direct peers are Fogo de Chão, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Capital Grille, Ruth's Chris Steak House and Manny's Steakhouse. Butcher & the Boar is listed as an emerging player.
Does Murrays Restaurant have an API?
No public API is recorded for Murrays Restaurant.
What industry is Murrays Restaurant in?
Murrays Restaurant's product category is Steakhouse / Upscale Restaurant Dining. Its primary akta.pro industry code is THAFACAE, Steakhouses & Seafood Restaurants, with a secondary code of THAFACAK, Special Occasion & Destination Restaurants. Its NAICS code is 722511 and its SIC code is 5810.