Cedric’s

Bars & Pubs · New York, NY

Business Summary

Cedric’s 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
Moderate
Parking
No dedicated parking
Transit Access
Good - bus routes available
Nearby Landmarks
Music venuesRestaurants

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Electric Lemon
0.16km
36/100
Weak
Medium
Eagle Bar
0.32km
62/100
Average
High
Death Ave brewing Co.
0.32km
39/100
Weak
Medium
Gallow Green Rooftop Bar
0.32km
30/100
Weak
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$552K
Industry Margin15%
Entry Cost$209K

Market Analysis

Market Size$3B+ in NYC metro
TrendGrowing
SeasonalityPeak during summer months and holiday season; slower in January-February

Consumer Trends

Growing demand for unique experiences and Instagram-worthy venues

SWOT Analysis

Strengths

Internal advantages

  • Established brand recognition in local market
  • Experienced management team

Weaknesses

Areas for improvement

  • Limited seating capacity
  • High operating costs in NYC market

Opportunities

External potential

  • Expand brunch or daytime service hours
  • Expand delivery and takeout cocktail offerings

Threats

External risks

  • Post-pandemic changes in nightlife habits
  • Increased competition from new venues

Strategic Recommendations

Quick Wins

Implement this week

Optimize Google Business Profile with updated photos and hours

Implement happy hour specials to drive weekday traffic

Growth Strategies

1-3 months

Explore catering and private event revenue streams

Build email list for event announcements and promotions

Risks to Monitor

Ongoing vigilance

Reliance on weekend revenue creates cash flow volatility

Over-expansion could dilute brand identity

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Craft Cocktail Subscription Box

Offer monthly subscription boxes with cocktail ingredients and recipes inspired by popular NYC bars.

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

44/ 100
Fair

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing
Digital Score44/100

Contact Info

New York, NY

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