8848 NYC

Bars & Pubs · New York, NY

Business Summary

8848 NYC is a craft beer-focused establishment in New York, featuring rotating taps and a curated selection of local and national brews. The bar appeals to beer aficionados and casual drinkers looking for quality over quantity.

Location & Competitors

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Neighborhood
Urban/Commercial
Foot Traffic
High
Parking
Limited street parking
Transit Access
Moderate - limited transit options
Nearby Landmarks
Music venuesRestaurants

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
69 Bar
0m
63/100
Average
High
Corner Bar
0m
48/100
Average
Medium
Pasiones Sports Bar
0m
54/100
Average
High
Tipsy Mandala
0.16km
69/100
Average
High

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$1108K
Industry Margin19%
Entry Cost$366K

Market Analysis

Market Size$2.5B+ in NYC metro
TrendGrowing
SeasonalityPeak during summer months and holiday season; slower in January-February

Consumer Trends

Rising interest in low-ABV and non-alcoholic options alongside traditional drinks

SWOT Analysis

Strengths

Internal advantages

  • Established brand recognition in local market
  • Strong community ties and local reputation

Weaknesses

Areas for improvement

  • Limited digital marketing presence
  • Narrow target demographic

Opportunities

External potential

  • Leverage social media for event promotion
  • Host private events and corporate gatherings

Threats

External risks

  • Changing liquor licensing regulations
  • Increased competition from new venues

Strategic Recommendations

Quick Wins

Implement this week

Create a simple website with menu and event calendar

Optimize Google Business Profile with updated photos and hours

Growth Strategies

1-3 months

Build email list for event announcements and promotions

Develop signature cocktail menu for brand differentiation

Risks to Monitor

Ongoing vigilance

Reliance on weekend revenue creates cash flow volatility

Regulatory changes could impact operating hours

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Bar Analytics Platform

Build a SaaS tool helping bar owners optimize inventory, pricing, and staffing based on real-time data.

2

Virtual Mixology Classes

Host online cocktail-making workshops featuring bartenders from popular NYC establishments.

3

Non-Alcoholic Bar Concept

Open a sophisticated bar focusing exclusively on craft non-alcoholic beverages and mocktails.

Digital Score

74/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing
Digital Score74/100

Contact Info

38-19 69th Street, Woodside, NY, 11377, 11377

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