Part 4/10:
Unlike fast-casual restaurants, where customers seek rapid service and low prices, steakhouses thrive on consistency and quality. Diners are prepared to indulge with the understanding that menu predictability often signifies an elevated experience. The prices at these establishments reflect this: a single steak can range from $50 to over $100. This pricing strategy effectively positions steakhouses to benefit from high margins, powered by cost-effective, but well-marked up, side dishes and a well-rounded drink offering.