Steak 48

What Steak 48 does

Steak 48 is a privately held contemporary American fine dining steakhouse chain founded in 2016 by James Beard-nominated restaurateurs Jeffrey and Michael Mastro, their father Dennis Mastro, and business partner Scott Troilo. The company operates six locations across affluent US metropolitan areas — Beverly Hills, Charlotte, Chicago, Del Mar, Houston, and Philadelphia — serving affluent consumers and corporate clients seeking premium steak and seafood experiences for celebrations, business events, and date nights. Its menu centers on USDA Prime steaks, domestic and Australian Wagyu, Japanese A5, and fresh seafood flown in daily, all cut and prepared in a state-of-the-art climate-controlled in-house butcher shop staffed by Master Butchers.

The company's revenue model is built on dine-in service (the dominant stream), private events and corporate bookings in dedicated rooms equipped with AV systems, traditional and electronic gift card sales, and third-party online ordering for takeout and delivery. Distribution is exclusively direct-to-consumer through physical locations, with marketing concentrated on Instagram, X (Twitter), earned media, and the company website. Private events are priced with consistent 20% gratuity and a 4% service charge across markets, on top of variable local sales tax (7.75% to 11.5%) and, in select markets, alcohol-specific tax. Differentiated offerings include wine collections exceeding 6,000 bottles at the Charlotte and Beverly Hills locations and curated bourbon and whiskey programs.

Steak 48 holds no disclosed institutional investment, no parent company, and no public listing. The technology footprint is intentionally minimal: standard reservation flows, third-party online ordering, and email-delivered gift cards, with no proprietary digital platform, mobile app, or AI-enabled product features. The company has received multiple OpenTable recognitions (Top 100 Restaurants, Diners Choice 2024, Top 100 Romantic Restaurants 2026) and a Modern Luxury Best of Style award, and operates a related family of brands (Steak 44, Ocean 44, Ocean 48, Dominick's, Durant's Steakhouse) that share founder lineage but operate as separate properties.

Name

Steak 48

Legal name

Steak 48

Website

https://steak48.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Steak 48 is a privately held contemporary American fine dining steakhouse chain operating six locations in affluent US metros, serving USDA Prime steaks, Wagyu, and fresh seafood to luxury consumers and corporate clients seeking premium dining and private event experiences.

Ownership category

akta.pro rank

Product category

Upscale Steakhouse Restaurants

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

Keywords

• Fine dining steakhouse
• USDA Prime steaks
• Private dining events
• Luxury restaurant chain
• Wagyu and seafood

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Dine-In Service: Revenue from food and beverage sales including USDA Prime steaks, Wagyu selections, Japanese A5, fresh seafood, shellfish, cocktails, wine, and desserts served during regular dining hours at all six locations.
2. Gift Cards: Traditional gift cards delivered by mail and eGift cards delivered electronically. Gift cards available in any denomination.
3. Private Events: Revenue from private dining room bookings, corporate events, celebrations, and catering with customized menus. Multiple private rooms available at each location with varying capacities.
4. Online Ordering: Third-party online ordering platforms for takeout and delivery at all locations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Steak 48 is a contemporary American fine dining steakhouse chain operating six U.S. locations. It sells USDA Prime steaks (wet- and dry-aged), Domestic and Australian Wagyu, Japanese A5 beef, world-class fresh seafood flown in daily, signature cocktails, and an extensive wine and bourbon program. The company also books private dining and corporate events and sells traditional and electronic gift cards.

Product overview

Steak 48 is a contemporary American fine dining steakhouse chain with six locations (Beverly Hills, Charlotte, Chicago, Del Mar, Houston, and Philadelphia). The core offering is a fine dining restaurant featuring USDA Prime steaks (wet-aged and dry-aged), the highest-grade Domestic and Australian Wagyu, and Japanese A5, along with world-class fresh seafood flown in daily. The company offers private dining room services for events (each location has multiple customizable private rooms with AV equipment), traditional and eGift cards for gifting, and an extensive beverage program including wine collections, bourbon/whiskey selections, and handcrafted cocktails. The menu extends beyond traditional steakhouse fare with innovative appetizers like Maine lobster escargot, Wagyu tartare, and specialty side dishes.

Differentiator

Problem solved

Functional benefit

Products and services

• Fine Dining Steakhouse Restaurant Service Full-service upscale steakhouse dining serving USDA Prime steaks (wet- and dry-aged in-house), Wagyu (Domestic, Australian, and Japanese A5), fresh seafood flown in daily, innovative appetizers, handcrafted cocktails, and an extensive wine and bourbon program across six U.S. locations.
• Private Dining & Corporate Events Bookable private event spaces at each location, equipped with AV systems, sound systems, and LED TVs, accommodating corporate meetings, business dinners, rehearsal dinners, birthdays, and celebrations with customized menus.
• Traditional Gift Cards
• eGift Cards
• Online Ordering for Takeout and Delivery

Quantifiable outcome

• OpenTable Top 100 Restaurants recognition
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Del Frisco's Double Eagle Steakhouse: Premium steakhouse concept within the Del Frisco's Restaurant Group with a comparable USDA Prime and wine program, targeting affluent diners and corporate events in major US metros.
• Mastro's Restaurants: Founded by the same Mastro family that created Steak 48; Mastro's operates sister upscale steak and seafood concepts (Ocean 44, Ocean 48) with directly comparable menus, pricing, and service standards.
• The Palm Steakhouse: Heritage US steakhouse chain famous for prime steaks, Italian-inspired sides, and a celebrity-painted wall tradition, serving an overlapping affluent, business-event clientele in major US cities.
• Perry's Steakhouse & Grille: Multi-unit upscale steakhouse chain with hand-cut USDA Prime steaks, an extensive wine list, and strong private-dining/event capabilities, overlapping Steak 48's value proposition in similar markets.
• Morton's The Steakhouse: Long-established classic American steakhouse chain with prime beef, private dining, and national footprint overlapping the same customer occasions and price points as Steak 48.
• Eddie V's Prime Seafood: Darden-owned fine-dining chain pairing prime steaks with seafood flown in daily and a deep wine list, targeting the same affluent, occasion-driven customer base as Steak 48.
• Smith & Wollensky: Iconic US steakhouse brand with USDA Prime dry-aged steaks, an award-winning wine list, and a private events focus, directly comparable to Steak 48's positioning and price point.
• Ruth's Chris Steak House: National fine-dining steakhouse chain serving USDA Prime steaks in a similar upscale, celebration-oriented format across roughly 150+ locations in the US, making it the most direct comparable to Steak 48.
• The Capital Grille: Darden-owned fine-dining steakhouse chain offering dry-aged steaks, an extensive wine list (3,500+ bottles), and private dining in a comparable price-point and occasion-driven segment.

Broad incumbents

• Fogo de Chão: Brazilian churrasco chain with full-service upscale dining, premium bar/wine programs, and private event rooms; broader in concept but competes for the same high-end experiential dining occasions and corporate events.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/steak48
• Instagraminstagram.com/steak48
• Facebookfacebook.com/Steak48Philadelphia
• LinkedInlinkedin.com/company/steak-48

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Steak 48