The Locust
Restaurants · Miami, FL
Business Summary
The Locust at 918 Ocean Drive in South Beach is a restaurant/bar on Miami's iconic beachfront strip. Situated in the Art Deco district, it serves the tourist and nightlife crowd with food and cocktails in a prime oceanfront setting.
Location & Competitors
Competitive Landscape
| Business | Distance | Digital Score | Threat Level |
|---|---|---|---|
| Forever Yogurt | 0m | 35/100 Weak | Medium |
| Caffe Milano | 0m | 42/100 Weak | Medium |
| Ocean's Ten | 0m | 45/100 Average | Medium |
| Mega Pizza | 0.16km | 40/100 Weak | Medium |
Competitive Summary
Showing 4 of 4 competitors within 5km.
Financial Estimates
Revenue Range
Financial Overview
Market Analysis
Consumer Trends
SWOT Analysis
Strengths
Internal advantages
- •Ocean Drive location
- •nightlife adjacency
- •bar revenue margins
- •tourist traffic
Weaknesses
Areas for improvement
- •high rent
- •competition density
- •tourist market dependency
Opportunities
External potential
- •craft cocktail program
- •DJ and entertainment nights
- •private events
Threats
External risks
- •Ocean Drive saturation
- •rent inflation
- •regulatory changes
Strategic Recommendations
Quick Wins
Implement this week
craft cocktail social media
late-night specials
entertainment programming
Growth Strategies
1-3 months
premium cocktail bar positioning
private event hosting
VIP bottle service
Risks to Monitor
Ongoing vigilance
Ocean Drive operating costs
nightlife trend shifts
Startup Ideas
AI-generated business opportunities inspired by this analysis
Cocktail Experience Bar
Premium craft cocktail bar concept on Ocean Drive with mixology shows, custom drinks, and interactive cocktail-making experiences for tourists
Ocean Drive Nightlife Pass
All-access nightlife pass for Ocean Drive bars and restaurants with priority seating, drink deals, and VIP access across venues
Similar Restaurants
Explore reports for similar businesses nearby
«Zuma»
Miami, FL
Joe's Stone Crabs
11, Washington Avenue, Miami, FL, 33139
Gianni’s At The Villa
1116, Ocean Drive, Miami, FL, 33139
Krispy Kreme
Miami, FL
Chipotle
7230, Northwest 36th Street, Miami, FL, 33166
Japow
151, Northeast 41st Street, Miami, FL, 33137
Digital Score
Quick Stats
Contact Info
One Report. Clear Next Steps.
Stop guessing. Get a custom growth strategy for The Locust with revenue forecasts, market gaps, and prioritized recommendations you can act on this week.
Coming soon • Instant delivery in 5 minutes • Money-back guarantee