Fleming's Steakhouse is a high-end restaurant that uses high-quality steaks as well as premium entrées, which increase its menu prices. Steakhouses, in general, are more expensive than other restaurants because of the high price of beef, the premium service usually offered by such establishments and the preparation given to the food.
Fleming's Steakhouse offers both USDA Prime beef, a classification only given to two percent of U.S. beef, as well as wagyu beef, which comes from an uncommon breed of cow known for its tenderness. Fleming's also dry-ages some of its steaks for 21 days, which further increases the steak's value. For example, a standard prime ribeye costs $49.50, while a dry-aged prime ribeye costs $55.50. Fleming's also offers accompaniments to the steak that use expensive ingredients, such as truffles, caviar and lobster meat.
Other factors that contribute to a steakhouse's price offerings include the service given to customers. Fleming's Steakhouse in Boston, Massachusetts scored a 25 out of 30 in Zagat's service rating, and Zagat's review describes the service as "commensurately high-end." The steakhouse's location also contributes to its menu prices. The most expensive steakhouses are located in tourist areas such as Las Vegas, Los Angeles, and Washington, D.C.