Rare650

What Rare650 does

Rare650 is a single-location, fine dining restaurant in Syosset, New York (Long Island) operating as Rare650 Prime Steak & Sushi, the flagship concept of Anthony Scotto Restaurants — a private, family-controlled multi-restaurant hospitality group that also owns Blackstone, Insignia, One10, Opus, and The Halston. The restaurant serves premium prime dry-aged steaks, chops, and exotic cuts alongside authentic sushi, raw bar, and seafood flown in from Hawaii and Holland, supported by an 850+ bottle award-winning wine list curated by an on-premise sommelier and Official Kobe Beef Association certification.

The core product is the à la carte dinner menu (entrées from $72 NY Strip to $168 Classic Porterhouse for Two, sushi rolls $35-$59), supplemented by a $69 three-course weeknight prix-fixe, a $79/person Sunday Surf & Turf special, Happy Hour bar programming, and a standalone dessert menu. The company operates a substantial private events business spanning weddings (with on-site ceremonies in a glass Conservatory for 100+ guests), Bar/Bat Mitzvahs, Sweet 16s, social gatherings, and corporate functions (up to 225 guests) with Silver/Gold/Platinum tier catering packages. Ancillary revenue streams include physical and digital gift cards and the cross-restaurant Good Life Rewards loyalty program (1,000 bonus points / $50 value on signup), both valid at all six Anthony Scotto Restaurants locations.

The underlying technology stack is standard restaurant SaaS — the BentoBox website platform for content and online ordering, OpenTable for reservations, and Tripleseat for private event inquiry and booking — with email newsletter signup and SMS/MMS loyalty messaging for direct consumer engagement. Distribution is exclusively regional (Long Island) and direct-to-consumer through the physical storefront at 650 Jericho Turnpike, Syosset, with a corporate support office at 40 Crossways Park Drive, Woodbury, NY. The company reports 11-50 employees and generates undisclosed revenue from a combination of high-margin dine-in transactions and lower-frequency but high-ticket private event contracts.

Name

Rare650

Legal name

Anthony Scotto Restaurants

Website

https://rare650.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Rare650 is a single-location fine dining prime steakhouse and sushi restaurant in Syosset, Long Island, NY, operated by Anthony Scotto Restaurants. It serves affluent diners, hosts weddings and corporate events up to 225 guests, and operates a shared gift card and loyalty program across six sister restaurants.

Ownership category

akta.pro rank

Product category

Fine Dining Steakhouse

NAICS

Full-Service Restaurants (722511), Restaurants and Other Eating Places (72251), Caterers (722320)

SIC

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

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

akta.pro secondary industry

Special Occasion & Destination Restaurants (THAFACAK)

Keywords

• Fine dining restaurant
• Prime steakhouse sushi
• Private event catering
• Premium dining experience
• Wine and spirits program

Headquarters

HQ city

Woodbury

HQ country

United States

HQ region

North America

Offices2 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 Food & Beverage Sales: One-time transaction revenue from customers dining in the restaurant, including appetizers, entrees (steaks, sushi, seafood), desserts, and beverages. Core revenue stream from premium steakhouse and sushi offerings.
2. Private Event Catering: Revenue from hosting private events including weddings, mitzvahs, Sweet 16s, corporate events, and social gatherings. Menu packages range from Silver to Platinum tiers with varying price points.
3. Gift Card Sales: Physical and digital gift cards sold through Anthony Scotto Restaurants platform. Gift cards are valid at all six restaurants in the group (Blackstone, Insignia, Rare650, Opus, One10, and The Halston).
4. Loyalty Program (Good Life Rewards): Rewards program with SMS/MMS messaging for promotions and announcements. New members receive 1,000 bonus points ($50 value) upon signup, driving repeat customer engagement.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Rare650 operates a single-location fine dining restaurant in Syosset, Long Island, NY, serving prime dry-aged steaks, fresh sushi, and seafood alongside an 850+ bottle wine program. The restaurant also hosts private events including weddings, mitzvahs, Sweet 16s, corporate functions, and social gatherings accommodating up to 225 guests.

Product overview

Rare650 is a single-location, fine dining restaurant (prime steak and sushi) in Syosset, NY operated by Anthony Scotto Restaurants. Its product portfolio is centered on in-person and takeout dining experiences — the core Dinner Menu (steaks, chops, seafood, and sushi) — supplemented by recurring prix-fixe specials ($69 Weeknight Dinner Special, Sunday Surf & Turf at $79/person), Happy Hour bar promotions, and a Dessert Menu. Beyond dining, the restaurant offers Private Events services spanning weddings, Mitzvahs, Sweet 16, social, and corporate functions. Adjacent offerings include Gift Cards (physical and digital) and the Good Life Rewards loyalty program, both redeemable across all six Anthony Scotto Restaurant locations. Event-driven promotions such as Large Format Fridays, Wine Down Wednesday, and an Overnight Dinner Package with The Inn at Fox Hollow round out the portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Dinner Menu

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• OpenTablecoreChannel Partner/ Reseller/ DistributorOpenTable serves as the primary reservation platform for Rare650, enabling diners to book tables directly through the OpenTable website and app. The partnership drives direct booking conversions and provides the restaurant with reservation management capabilities.
• TripleseatcoreTechnology or IntegrationTripleseat provides private event management software for corporate bookings and inquiries. The platform enables businesses and event planners to submit event requests and manage private dining bookings.
• Anthony Scotto Restaurants (Sister Restaurants)flagshipStrategic or Co-development PartnerRare650 is flagship restaurant of Anthony Scotto Restaurants group. Shares gift card platform, loyalty program (Good Life Rewards), corporate headquarters, and marketing infrastructure with Blackstone, Insignia, One10, Opus & The Halston restaurants. Gift cards valid at all six locations.
• The Inn at Fox HollowminorStrategic or Co-development PartnerOvernight Dinner Package partnership offering guests $150 gift card toward dinner at Rare650, full American breakfast at the hotel, and shuttle service. Located minutes from the restaurant.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Smith & Wollensky Steakhouse: Iconic American steakhouse group known for USDA Prime dry-aged steaks, award-winning wine list, and private event capabilities; closely aligned product mix and price-point positioning to Rare650.
• Peter Luger Steak House: Iconic New York-area steakhouse benchmark; comparable prime-only beef program, cash-only premium positioning, and Diners' Choice/Wine Spectator-equivalent reputation. Strong regional direct competitor for affluent Long Island/Manhattan diners.
• Blackstone Steakhouse: Sister restaurant under Anthony Scotto Restaurants; Long Island fine dining steakhouse with private events, directly comparable concept, customer base, and operating model to Rare650.
• Keens Steakhouse: Historic NYC prime steakhouse with award-winning wine list (one of the largest in the country) and private dining; comparable premium steakhouse positioning targeting Manhattan-adjacent affluent diners.
• Morton's The Steakhouse: National fine dining steakhouse chain with private event rooms, power-lunch positioning, and prime steak menu; broadly comparable premium steakhouse business model.
• Opus Steakhouse: Sister Anthony Scotto concept combining prime steak, seafood, and sushi with private event hosting; same parent group, comparable menu architecture and pricing tier.
• The Capital Grille: National upscale steakhouse chain with dry-aged steaks, 5,000+ bottle wine program, and private dining rooms; directly comparable premium positioning, sommelier-driven wine list, and event-hosting business model.
• Ruth's Chris Steak House: Large national chain of upscale steakhouses serving sizzling prime cuts with private dining; comparable à la carte price architecture and occasion-based dining use cases.
• Insignia Steakhouse: Another Anthony Scotto sister steakhouse on Long Island offering prime steaks, sushi, private events, and the same shared loyalty/gift card platform — directly comparable premium positioning.
• Wolfgang's Steakhouse: NYC-born USDA Prime dry-aged steakhouse with multiple locations and private event rooms; directly comparable premium steakhouse format targeting the same affluent demographic.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Rare650steakhouse
• Instagraminstagram.com/rare650
• TikToktiktok.com/@rare650restaurant
• LinkedInlinkedin.com/company/rare650

Revenue estimate

Valuation estimate

Number of profiles

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 Rare650