Schwartz Brother's Restaurants

Name

Schwartz Brother's Restaurants

Legal name

Schwartz Brothers Restaurants

Website

https://danielsbroiler.com

Company type

Private

Founded year

1970

Operating status

Operating

Ownership category

akta.pro rank

Product category

Fine Dining Restaurants

NAICS

Full-Service Restaurants (722511), Retail Bakeries (311811), Drinking Places (Alcoholic Beverages) (72241)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812), Bakery Products (2050)

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

akta.pro secondary industries

Hotel & Resort Restaurants (THAFACAH), Special Occasion & Destination Restaurants (THAFACAK)

Keywords

• Fine dining restaurants
• Steakhouse dining
• Private event venues
• Cocktail mixers
• Bakery products

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Restaurant Dining: Fine dining steakhouse and seafood restaurant operations across four Pacific Northwest locations. Revenue from food, beverages, cocktails, wine, and desserts. Includes happy hour programs at select locations.
2. Private Dining & Events: Private event hosting across multiple dedicated spaces including board rooms, lounges, and full restaurant buyouts. Catering and event coordination services for corporate dinners, weddings, celebrations, and receptions.
3. Takeout & Delivery: Online ordering through Toast Tab platform with delivery and takeout options at all four locations. Third-party delivery integration for customer convenience.
4. Gift Cards: Plastic gift cards and eGift cards sold online and in-restaurant. Available in denominations from $50 to $500. Revenue recognized upon redemption.
5. Cocktail Mixer Sales: E-commerce sales of proprietary cocktail mixers (Old Fashioned, Whiskey Sour, Lavender Martini) in 375ml bottles at $17 each. Bottled products allow brand extension beyond restaurant visits.
6. Loyalty Rewards Program: Points-based rewards program driving repeat customer visits. Points earned on all food and beverage purchases ($1 = 1 point). Rewards issued at $500 and $2,500 spend thresholds. Birthday rewards and promotional incentives.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Schwartz Brother's Restaurants operates multi-location Daniel's Broiler steakhouses serving premium cuts of beef, seafood, and classic steakhouse fare in a fine-dining setting. Beyond restaurant dining, the company sells branded cocktail mixers and bakery products through e-commerce, hosts private dining and banquet events, and offers gift cards and a loyalty rewards program to extend the guest relationship beyond the four walls of the restaurant.

Product overview

Schwartz Brothers Restaurants operates a portfolio of fine dining and casual restaurant concepts in the greater Seattle area. The flagship offering is Daniel's Broiler, a premier steakhouse chain with four locations (Bellevue, Lake Union, Leschi, and Downtown Seattle) offering prime steaks, fresh seafood, and premium Wagyu beef. The company provides extensive private dining options including The Cascade Rooms, Prime 21 Lounge, The Board Rooms, The Marina Rooms, Prime 809 Lounge, The Loft, The Private Dining Rooms, and Rickhouse Whiskey Bar. Additionally, the company sells packaged products including Daniel's Cocktail Mixers (Lavender Martini, Old Fashioned, and Whiskey Sour) and Gift Cards through its e-commerce platform. A loyalty rewards program enables customers to earn points on purchases. The company also operates Schwartz Brothers Bakery in Renton and Seattle. The business also provides delivery and takeout services through ToastTab integration across all locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Daniel's Broiler Steakhouse Dining Multi-location, sit-down fine-dining steakhouse service featuring prime cuts of beef, seafood, and classic steakhouse fare; serves individual diners, couples, families, and corporate guests across multiple Seattle-area locations including waterfront and downtown sites.
• Private Dining and Banquet Events
• Branded Cocktail Mixers
• Bakery Products (Retail and Wholesale)
• Gift Cards
• Rewards Loyalty Program

Quantifiable outcome

• Multiple award recognitions including ZAGAT Award of Excellence, Wine Spectator Best of Award of Excellence, and Washington State Beef Commission Beef Backer Award

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• ShopifycoreTechnology or IntegrationE-commerce platform powering danielsbroiler.com online store for gift cards, cocktail mixers, and merchandise sales. Shopify handles payment processing, order management, and website hosting for the direct-to-consumer online channel.
• Toast TabcoreTechnology or IntegrationOnline ordering and restaurant management platform providing takeout and delivery ordering capabilities at all four Daniel's Broiler locations. Customers place orders through Toast Tab for pickup or third-party delivery.
• Hyatt Regency SeattlecoreStrategic or Co-development PartnerDaniel's Broiler Downtown is located on the second floor of the Hyatt Regency Seattle hotel. This strategic location within a major hotel provides built-in customer traffic and corporate event opportunities for hotel guests.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• The Capital Grille: Owned by Darden Restaurants, operates as a national chain of upscale steakhouses with dry-aged steaks and extensive wine cellars. Competes in the same premium dining segment as Daniel's Broiler but with broader geographic and corporate backing.
• Fogo de Chão: Brazilian steakhouse chain with multiple U.S. locations including Seattle. While operating a different service model (churrasco), it competes for the premium dining and corporate event customer spending that Daniel's Broiler targets.
• Morton's The Steakhouse: Established national upscale steakhouse chain (now under Landry's). Offers similar premium USDA Prime steaks, private dining, and event services. Competes for corporate event and special occasion business in major metros.
• Ruth's Chris Steak House: National upscale steakhouse chain with broad geographic footprint. Operates from a wider portfolio but competes in the same premium steakhouse category with similar private dining capabilities and event hosting. Currently has a Bellevue location serving the same Seattle metro market.
• Eddie V's Prime Seafood: Darden-owned upscale seafood and steakhouse chain. Premium positioning with prime seafood and steaks aligns directly with Daniel's Broiler menu mix; competes in same occasion dining category across multiple U.S. markets.

Direct peers

• Canlis: Iconic Seattle fine dining restaurant operating since 1950 with panoramic views, similar multi-generational family ownership, comparable premium pricing and special occasion positioning. Direct competitor in the Seattle premium dining market with strong brand recognition.
• El Gaucho Hospitality: Premium steakhouse chain with locations in Seattle (Bellevue area) and Portland. Offers similar USDA Prime steakhouse experience with private dining and event services, directly competing for the same corporate and special occasion customer segments.
• The Metropolitan Grill: Historic downtown Seattle steakhouse established in 1983, considered one of the city's premier steakhouses. Closest direct competitor to Daniel's Broiler in the Seattle premium steakhouse category with overlapping customer base and price points.

Regional players

• The Pink Door: Long-running Italian restaurant in Seattle's Post Alley on Pike Place Market. While serving different cuisine, it competes for the same special occasion, scenic-view, and Seattle tourist dining occasions. Regional competitor for special occasion dining dollars.
• Ray's Boathouse: Seattle waterfront seafood restaurant with comparable scenic dining positioning in the Ballard neighborhood. Competes for similar waterfront, scenic-view, and special occasion dining occasions as Daniel's Broiler Lake Union and Leschi locations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DanielsPrime
• Facebookfacebook.com/DanielsBroiler
• Instagraminstagram.com/danielsbroiler
• LinkedInlinkedin.com/company/schwartz-brothers-restaurants

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 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 Schwartz Brother's Restaurants