STEVES PRINCE OF STEAKS INC

Name

STEVES PRINCE OF STEAKS INC

Legal name

Steve's Prince of Steaks

Website

https://stevesprinceofsteaks.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Steve's Prince of Steaks Inc is a privately held Philadelphia cheesesteak chain founded in 1980, operating four restaurants, a food truck fleet, and full-service catering for individual consumers, corporate clients, and event organizers in the Philadelphia metro.

Ownership category

akta.pro rank

Product category

Casual Dining Restaurants

NAICS

Special Food Services (7223)

SIC

Retail-Eating Places (5812)

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

Keywords

• Philly cheesesteaks
• Casual dining restaurants
• Event catering services
• Food truck catering
• Takeout and delivery

Headquarters

HQ city

Philadelphia (Bustleton)

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Retail Food Sales: Direct food sales through restaurant locations offering dine-in, takeout, and delivery services for cheesesteaks and related menu items
2. Catering Services: Full-service catering for corporate events, weddings, and private parties ranging from intimate dinners to 1,000+ guest galas, including setup, service staff, and cleanup
3. Food Truck Bookings: Mobile food truck services for festivals, weddings, and private events, featuring neon-lit trucks that draw crowds to events
4. Online Ordering: Digital ordering through order.online platform for pickup orders at restaurant locations

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Steve's Prince of Steaks is a Philadelphia cheesesteak restaurant chain that makes cheesesteaks from fresh, hand-sliced rib-eye served on daily-baked rolls, cooked in front of guests. The company operates four brick-and-mortar locations in the Philadelphia metro area, a bookable food truck fleet for events, and full-service catering for corporate and private events.

Product overview

Steve's Prince of Steaks is a single-location-origin Philadelphia restaurant chain offering a focused menu centered on traditional cheesesteaks made with fresh, hand-sliced rib-eye and daily baked rolls. The company operates multiple fixed restaurant locations alongside mobile food truck and full-service catering divisions, providing dine-in, takeout, and delivery options. The core product (cheesesteaks) is complemented by two service offerings: the Food Truck for event catering and the Catering service for larger-scale events.

Differentiator

Problem solved

Functional benefit

Products and services

• Cheesesteaks Fresh, hand-sliced rib-eye cheesesteaks served hot from the grill on daily-baked rolls, available across dine-in, takeout, and delivery at the company's four Philadelphia-area restaurant locations.
• Full-Service Catering Full-service catering for corporate events, weddings, and private parties, including setup, service staff, and cleanup, with custom menus scaling from intimate dinners to 1,000+ guest galas.
• Food Truck Service Mobile food truck service featuring a neon-lit truck available for booking at festivals, weddings, and private events, designed to draw crowds and serve cheesesteaks on-site.

Quantifiable outcome

• Two Philadelphia Magazine 'Best Cheesesteak' awards
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• John's Roast Pork: Philadelphia-based cheesesteak and roast pork shop frequently cited alongside Steve's as a top-tier Philly cheesesteak destination. Directly comparable product category and dine-in casual format.
• Tony Luke's: Philadelphia cheesesteak and roast pork sandwich chain with multiple locations and a food truck presence. Direct competitor on product, format, and event/catering channels.
• Geno's Steaks: Iconic Philadelphia cheesesteak shop operating directly across from Pat's at the same South Philadelphia intersection. Same product category, same dine-in/takeout format, and same tourism-driven customer base as Steve's.
• Jim's Steaks: Long-running Philadelphia cheesesteak institution with multiple locations across the metro area. Competes with Steve's on authenticity, regional brand recognition, and dine-in cheesesteak share.
• Pat's King of Steaks: The original 'King' of Philly cheesesteaks against which founder Steven Iliescu named his 'Prince.' Pat's operates competing cheesesteak locations in Philadelphia with a similar dine-in/takeout model and is the most direct head-to-head competitor.

Broad incumbents

• Capriotti's Sandwich Shop: Multi-unit, franchise-driven sandwich chain with strong Pennsylvania presence. Comparable as a casual, dine-in/takeout sandwich concept operating at scale in the same regional market.
• Wawa: Mid-Atlantic convenience and prepared-food retailer with deep Philadelphia-area footprint and hoagie/sandwich menu. Overlaps with Steve's on quick-service sandwich occasions and regional customer base.

Emerging players

• Mission BBQ: Multi-unit, story-driven BBQ concept with a strong catering and events business. Comparable as a regionally rooted casual-dining brand with a sizable catering channel similar to Steve's full-service catering.
• Federal Donuts: Philadelphia-born specialty food concept with multiple locations across the city. Comparable as a Philadelphia-rooted, multi-location, category-specialist food brand with strong local brand recognition.

Regional players

• Primo Hoagies: Mid-Atlantic hoagie and sandwich franchise with strong Philadelphia-area presence. Comparable casual sandwich format, regional concentration, and dine-in/takeout/delivery channel mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/steves-prince-of-steaks-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 STEVES PRINCE OF STEAKS INC