Meat Market

What Meat Market does

Meat Market (legal entity SB Ice Steak, LLC) is a privately held upscale American steakhouse operator founded in 2008 by CEO David Tornek and Executive Chef Sean Brasel. The company runs four active full-service restaurants in Tampa (Hyde Park Village), Palm Beach (Bradley Place), Boca Raton (inside the Renaissance Boca Raton Hotel), and Carolina, Puerto Rico (inside El San Juan Resort and Casino), with dinner, lunch, brunch, and happy hour service anchored by prime cuts, fresh seafood, sushi, and an award-winning wine program. The original 2008 Miami Beach flagship on Lincoln Road is no longer prominently listed on the current site.

The business monetizes through multiple revenue streams layered onto the core dining experience: per-cover dine-in service (with a $35 two-course lunch menu and $250-$300++ wine pairing dinners), full-buyout and private dining events accommodating 8 to 250 guests, third-party delivery via UberEats, DoorDash, and GrubHub (Florida) and Clover (Puerto Rico), an in-house gift card program, and upscale nightlife at The Lounge in Tampa. The MM Club loyalty program (1 point per $1 spent, cross-location redemption in Florida) drives repeat visitation.

Go-to-market is direct-to-consumer with a hospitality-led funnel: organic social (Instagram, Facebook, TikTok), earned media (Zagat, Sun Sentinel, Boca Magazine, Wine Enthusiast, Wine Spectator Awards of Excellence 2012-2014), email marketing, and OpenTable-powered reservations. Tech infrastructure is standard restaurant SaaS: BentoBox CMS, Toast Tab, Tripleseat for private events, and LaborPay for hiring. The company employs 251-500 staff and reports no institutional funding, M&A activity, or parent company control.

Name

Meat Market

Legal name

SB Ice Steak, LLC

Website

https://meatmarket.net

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Meat Market is a privately held upscale steakhouse chain operating four restaurants in Tampa, Palm Beach, Boca Raton, and Puerto Rico, serving affluent diners with prime cuts, seafood, and an award-winning wine program.

Ownership category

akta.pro rank

Product category

Upscale Steakhouse / Fine Dining Restaurant

NAICS

Full-Service Restaurants (722511), Food Services and Drinking Places (722)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

akta.pro secondary industries

Hotel & Resort Restaurants (THAFACAH), Rooftop Bars & Beach/Pool Bars (THAFAEAJ)

Keywords

• Upscale steakhouse dining
• Fine dining restaurants
• Private event venues
• Premium steak and seafood
• Luxury hospitality services

Headquarters

HQ city

Palm Beach

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, Infrastructure, Others

Revenue model

1. Dine-in Restaurant Sales: Food and beverage sales from four restaurant locations (Tampa, Palm Beach, Boca Raton, Puerto Rico). Revenue generated from lunch, brunch, dinner service, and special promotions including happy hour, specialty dinners, and weekend brunch offerings.
2. Private Events and Catering: Private dining room rentals and group event bookings across all locations. Various spaces available from intimate gatherings (8-10 people) to full buyouts (150-250 guests). Prix fixe menus for groups of 10 or more.
3. Loyalty Program Revenue: MM Club loyalty program driving repeat customer visits through points accumulation and redemption for reward dollars and experiences.
4. Delivery and Takeout: Online ordering through Toast Tab for pickup, plus third-party delivery services (UberEats, DoorDash, GrubHub) generating transaction-based revenue.
5. Gift Cards: Gift cards sold at all locations, redeemable across Florida locations.
6. The Lounge Experience: Upscale nightlife venue at Tampa location offering bottle service, cocktail programs, and VIP packages with live DJ entertainment on Fridays and Saturdays.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Meat Market operates four upscale American steakhouse locations in Tampa, Palm Beach, Boca Raton, and Puerto Rico, offering lunch, brunch, dinner, and happy hour service featuring prime cuts, fresh seafood, sushi, and an award-winning wine and cocktail program. The portfolio extends to private event spaces, an upscale nightlife venue (The Lounge) at Tampa, an MM Club loyalty rewards program, online ordering and delivery, gift cards, and branded merchandise.

Product overview

Meat Market is an upscale steakhouse chain offering a unified dining product across four locations in Tampa, Palm Beach, Boca Raton (Florida), and Puerto Rico. The core product is the full-service restaurant featuring prime cuts, fresh seafood, sushi, cocktails, and wine, available through lunch, brunch, and dinner service with daily happy hours. The portfolio includes The Lounge — an elevated nightlife add-on at the Tampa location offering bottle service, live DJs, and entertainment on weekends — and private event spaces across all locations for group dining and celebrations. Supplementary offerings include the MM Club loyalty program (earning 1 point per $1 spent), delivery and takeout via third-party platforms (Uber Eats, DoorDash, GrubHub), a branded merchandise shop, and gift cards redeemable at all locations.

Differentiator

Problem solved

Functional benefit

Brands

• The Lounge: An elevated nightlife experience at the Tampa location featuring a resident DJ, local musicians, live entertainment, bottle service, and artisanal cocktails. Open Friday and Saturday evenings.
• MM Club
• WET

Products and services

• Meat Market Restaurant Locations An upscale steakhouse chain with four operating locations in Tampa, Palm Beach, Boca Raton (Florida), and Carolina (Puerto Rico), each offering lunch, brunch, dinner, and happy hour service with prime cuts, fresh seafood, sushi, cocktails, and an award-winning wine program for individual diners, couples, and groups.
• The Lounge (Tampa Nightlife Venue) An elevated nightlife and entertainment venue within the Tampa Meat Market location featuring bottle service, artisanal cocktails, a curated mixology program, a resident DJ, live entertainment, and semi-private party spaces, open Friday and Saturday evenings starting at 7PM for nightlife guests, bachelor/bachelorette parties, and VIP celebrations.
• Private Event Spaces and Catering Private and semi-private dining spaces available at each Meat Market location for intimate dinners, corporate events, weddings, and large celebrations, including private dining rooms, wine rooms, chef's tables, outdoor patios, pool bars, verandas, and full buyouts with customizable menus and AV packages.
• MM Club Loyalty Program A points-based loyalty rewards program that lets members earn 1 point per $1 spent at any Florida Meat Market location, redeemable for Meat Market reward dollars and unique experiences such as trips to Napa Valley, driving repeat customer visits across the Florida locations.
• Delivery and Takeout Online ordering for pickup and third-party delivery services for Meat Market menu items, available through Toast Tab at Florida locations, Clover at the Puerto Rico location, and Uber Eats, DoorDash, and GrubHub for delivery at Tampa, Palm Beach, and Boca Raton.
• Gift Cards Gift cards redeemable at any Meat Market location in Tampa, Boca Raton, and Palm Beach, available for purchase and balance checking through the Toast Tab and Clover platforms.
• Meat Market Merchandise Online merchandise shop selling branded Meat Market apparel and goods, accessible via the Tampa location page.

Quantifiable outcome

• Three consecutive Wine Spectator Awards of Excellence (2012-2014)
• +2 more outcomes

Named customers7 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

Integration9 records

Feature1 record

Partnerships

Nine partnerships are on record, tiered core, minor and major.

• OpenTablecoreTechnology or IntegrationReservation widget integration on website enabling multi-location booking. Widget supports multiple restaurant IDs for Tampa, Palm Beach, Boca Raton, and Puerto Rico locations. Essential for operational booking management.
• Toast TabcoreTechnology or IntegrationOnline ordering platform for pickup, gift card sales, and MM Club loyalty program integration. Handles digital operations across Florida locations.
• UberEatsminorChannel Partner/ Reseller/ DistributorThird-party delivery partner for Tampa, Palm Beach, and Boca Raton locations.
• DoorDashminorChannel Partner/ Reseller/ DistributorThird-party delivery partner for Tampa, Palm Beach, and Boca Raton locations.
• GrubHubminorChannel Partner/ Reseller/ DistributorThird-party delivery partner for Palm Beach location.
• Renaissance Boca Raton HotelcoreStrategic or Co-development PartnerHotel partnership hosting Meat Market Boca Raton location within the resort. Includes pool deck (WET) and event spaces. Joint marketing relationship with Marriott property.
• El San Juan Resort and CasinomajorStrategic or Co-development PartnerResort partnership hosting Meat Market Puerto Rico location since 2013. Long-standing relationship at the resort.
• Far NienteminorGTM or Marketing PartnerWine producer partnership for exclusive wine dinner events. Featuring Far Niente wines and Dominus Estate at multiple Meat Market locations.
• Dominus EstateminorGTM or Marketing PartnerNapa Valley wine producer featured in exclusive wine pairing dinner events at Meat Market locations.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Del Frisco's Double Eagle Steakhouse: Premium modern steakhouse positioned at a similar price point to Meat Market with a contemporary atmosphere, sushi/raw bar program, and extensive wine list. Closest competitor to Meat Market's 'glamorous steakhouse' positioning.
• The Palm Steakhouse: Iconic upscale steakhouse with clubby atmosphere, prime cuts, and celebrity/affluent clientele. Comparable on price point, menu, and old-school fine-dining positioning.
• Morton's The Steakhouse: Bloomin' Brands-owned classic upscale steakhouse with comparable menu, wine program, and private dining emphasis. Competes with Meat Market for special-occasion, business-entertainment, and resort-anchored dining occasions.
• Smith & Wollensky: Landry's-owned upscale steakhouse with resort-anchored locations (including Florida and Caribbean), comparable ticket sizes, wine program, and private event capabilities.
• STK Steakhouse: The ONE Group-operated 'modern steakhouse' with integrated lounge/nightlife, bottle service, and DJ programming — directly analogous to Meat Market's Tampa Lounge concept. Targets the same affluent, experience-driven diner with a comparable 'see-and-be-seen' positioning.
• Capital Grille: Darden-owned upscale steakhouse chain with a comparable 'modern steakhouse' positioning, prime-cut menu, extensive wine list, and private dining focus. Directly comparable on customer segment (affluent diners, business entertainment) and average unit volume.
• Ruth's Chris Steak House: National upscale steakhouse chain with sizzling prime cuts, wine dinners, and private event space — operating in many of the same markets (Florida, Puerto Rico/Caribbean). Closest direct competitor by format, price point, and event-driven revenue mix.
• Fleming's Prime Steakhouse & Wine Bar: Bloomin' Brands upscale steakhouse with a heavily emphasized wine program (paralleling Meat Market's Wine Spectator recognition), private dining, and resort-market locations across Florida.
• Perry's Steakhouse & Grille: Texas-rooted upscale steakhouse that has expanded into Florida, offering a comparable menu, private events, and bar/lounge programming. Direct competitor in shared Florida markets.

Regional players

• Prime 112: Myles Restaurant Group-operated modern steakhouse in Miami Beach with a comparable upscale, see-and-be-seen atmosphere and prime-cut focus — competes for the same South Florida affluent diner that Meat Market originally targeted with its Miami Beach flagship.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• Instagraminstagram.com/meatmarkettampa
• TikToktiktok.com/@meatmarkettampa
• Xx.com/meatmarkettampa

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Meat Market