TORONTO — After 90 years in business, The Tulip Steakhouse in Toronto will be closing its doors.
The Queen Street location housed The Tulip for 31 years, after relocating from the Danforth, where it had served up its signature home-style steaks since 1929.
The steakhouse sent out a farewell Facebook post on New Year’s Day this year, announcing the closure, which it says stems from rent hikes.
“It’s with great sadness that we must announce The Tulip has closed. Unfortunately, business conditions have changed regarding our lease agreement in ways we can no longer accommodate and we’ve been left with no choice,” reads the post.
The restaurant was known for its simple, no-frills steak dishes prepared home-style for affordable prices.
According to The Tulip, the landlord had proposed a rent hike to $10,000 a month, a weight too heavy to bear for the affordable family restaurant.
But, when one door closes, another opens and the Tulip is actively looking for a new location.
“While this may be the end of this chapter, a new one is only a page turn away,” reads the Facebook post.