FourFiveSix

Bars & Pubs · New York, NY

Business Summary

FourFiveSix is a trendy cocktail bar located in 199 Richardson Street, Brooklyn, NY, 11222. Known for late-night menu and private event space, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Residential neighborhood
Foot Traffic
Moderate-High
Parking
Metered street parking
Transit Access
Good - bus routes and subway access nearby
Nearby Landmarks
parksubway station

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
The Richardson
0.16km
71/100
Strong
High
Tom & Joan's Whiskey Bar
0.16km
31/100
Weak
Medium
The Drift
0.32km
43/100
Weak
Medium
Nightshade
0.32km
46/100
Average
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 1 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$800K-$1.5M
Industry Margin10-15%
Entry Cost$200K-$450K

Market Analysis

Market Size$2.5B+ NYC bar and nightlife market
TrendStable - consistent demand for neighborhood bars
SeasonalityYear-round with peaks during holidays and events

Consumer Trends

Demand for craft/artisanal drinksSocial media-worthy venuesLate-night dining integration

SWOT Analysis

Strengths

Internal advantages

  • Late-night operating hours
  • Experienced bar staff
  • Established brand in local community

Weaknesses

Areas for improvement

  • Intense local competition
  • Dependency on weekend revenue
  • Rising ingredient costs

Opportunities

External potential

  • Partnerships with local restaurants
  • Expand to private events and corporate bookings
  • Loyalty program implementation

Threats

External risks

  • New competitor openings
  • Changing liquor regulations
  • Shifting consumer preferences

Strategic Recommendations

Quick Wins

Implement this week

Introduce weekday happy hour specials

Set up email list for event promotions

Growth Strategies

1-3 months

Launch brunch service on weekends

Host weekly themed events to build community

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

Non-Alcoholic Cocktail Brand

Premium mocktail brand targeting health-conscious NYC consumers with bar-quality flavors.

2

Bartender Marketplace

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

3

Virtual Happy Hour Platform

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

Digital Score

80/ 100
Excellent

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendStable - consistent demand for neighborhood bars
Digital Score80/100

Contact Info

199 Richardson Street, Brooklyn, NY, 11222, 11222
Most popular

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