3 Dollar Bill

Bars & Pubs · New York, NY

Business Summary

3 Dollar Bill is a intimate craft beer bar located in 260 Meserole Street, New York, NY. Known for happy hour specials and outdoor seating, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Urban commercial
Foot Traffic
Very High
Parking
Metered street parking
Transit Access
Excellent - multiple subway lines within walking distance
Nearby Landmarks
parkrestaurant row

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
The Well
0m
43/100
Weak
Medium
The Anchored Inn
0.16km
18/100
Weak
Low
Pink Metal
0.16km
31/100
Weak
Medium
The Tradesman Bar
0.16km
67/100
Average
High

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$400K-$900K
Industry Margin15-22%
Entry Cost$400K-$800K

Market Analysis

Market Size$3B+ metro area hospitality sector
TrendGrowing - craft cocktail culture expanding
SeasonalityYear-round with peaks during holidays and events

Consumer Trends

Themed pop-up eventsLocal/sustainable sourcingDemand for craft/artisanal drinks

SWOT Analysis

Strengths

Internal advantages

  • Prime NYC location
  • Unique atmosphere and ambiance
  • Diverse drink menu

Weaknesses

Areas for improvement

  • Dependency on weekend revenue
  • Intense local competition
  • High NYC rent costs

Opportunities

External potential

  • Social media marketing growth
  • Launch cocktail classes or tasting events
  • Partnerships with local restaurants

Threats

External risks

  • New competitor openings
  • Economic downturn impact on discretionary spending
  • Supply chain disruptions

Strategic Recommendations

Quick Wins

Implement this week

Introduce weekday happy hour specials

Partner with local food delivery apps

Growth Strategies

1-3 months

Create cocktail subscription boxes

Build partnerships with nearby hotels for guest referrals

Risks to Monitor

Ongoing vigilance

Track competitor pricing strategies

Diversify revenue streams beyond bar sales

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Bar Analytics Platform

Data-driven insights for bar owners covering inventory, pricing optimization, and customer patterns.

2

Virtual Happy Hour Platform

Corporate virtual team-building events with cocktail kits shipped to participants and guided mixology.

3

Bartender Marketplace

Platform connecting skilled bartenders with bars needing temporary or permanent staff in the NYC area.

Digital Score

79/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing - craft cocktail culture expanding
Digital Score79/100

Contact Info

260 Meserole Street, New York, NY
Most popular

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