Cherrywood Tap

Bars & Pubs · Chicago, IL

Business Summary

Cherrywood Tap is a bar/pub located in 5129 West 31st Street, Cicero, IL, 60804. With a digital score of 18/100, the business is largely invisible online and missing significant customer acquisition opportunities through digital channels.

Location & Competitors

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Neighborhood
Urban Mixed-Use Corridor
Foot Traffic
Moderate to High
Parking
Street parking available
Transit Access
Good - CTA Blue/Green Line access
Nearby Landmarks
Garfield Park ConservatoryALDIUnited Center

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
La Cueva
2.90km
31/100
Weak
Low
Crabby's Pub
3.86km
53/100
Average
Low
Chicago Sports Bar & Grill
4.02km
32/100
Weak
Low
Osito's Tap
4.02km
33/100
Weak
Low

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Revenue Range

ConservativeExpectedOptimistic

Financial Overview

Est. Revenue$200K-$450K annually
Price Range$$
Est. Employees6-15
Growth PotentialModerate - stable neighborhood bar scene

Market Analysis

Market Size$4.2B Chicago nightlife and bar market
Target DemographicsYoung professionals 25-40, nightlife enthusiasts

Consumer Trends

Sports viewing experiences becoming premiumOutdoor/patio dining demand post-COVIDLocal craft brewery partnerships trending

Opportunities

  • Create private event/party packages
  • Launch happy hour promotions on social media

SWOT Analysis

Strengths

Internal advantages

  • Strong drink selection
  • Quality bar food menu
  • Late-night hours advantage

Weaknesses

Areas for improvement

  • Limited online marketing presence
  • Poor Google/Yelp ratings management
  • Outdated interior/branding

Opportunities

External potential

  • Craft cocktail trend premiumization
  • Private event and party bookings
  • Neighborhood development bringing new residents

Threats

External risks

  • Rising rent in gentrifying areas
  • Economic downturn reducing nightlife spending
  • Changing consumer preferences toward health/wellness

Strategic Recommendations

Quick Wins

Implement this week

Launch a weekly themed night (trivia, karaoke)

Claim Google Business Profile and add photos

Growth Strategies

1-3 months

Partner with food trucks for kitchen-less food service

Host private events and corporate happy hours

Risks to Monitor

Ongoing vigilance

Noise complaints from residential neighbors

Liability exposure from alcohol service

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Cherrywood Event Series

Curated weekly event series at Cherrywood Tap featuring local DJs, comedians, or artists to drive midweek traffic and build community.

2

Chicago Bar Crawl featuring Cherrywood

Organized neighborhood bar crawl experience with Cherrywood Tap as anchor stop, partnering with nearby venues for a ticketed social experience.

Digital Score

18/ 100
Poor

Quick Stats

Competitors4
Est. Revenue$200K-$450K annually
Digital Score18/100

Contact Info

5129 West 31st Street, Cicero, IL, 60804, 60804

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