Franklin Park

Bars & Pubs · New York, NY

Business Summary

Franklin Park is a bar and pub located in 618 Saint Johns Place, New York, NY, 11238. It serves the local community with drinks, entertainment, and a social atmosphere. There is opportunity to grow its digital presence and attract new patrons.

Location & Competitors

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Neighborhood
Urban commercial
Foot Traffic
Very High
Parking
Street parking available
Transit Access
Excellent subway access
Nearby Landmarks
subway stationretail shops

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Drink Lounge
0m
63/100
Average
High
Altar
0.16km
72/100
Strong
High
Crown Inn
0.16km
54/100
Average
High
Franklin 820
0.32km
33/100
Weak
Medium

Competitive Summary

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

Financial Estimates

Financial Overview

Estimated Value$1006K
Industry Margin10%
Entry Cost$266K

Market Analysis

Market Size$2.5B+ NYC bar market
TrendCraft cocktail bars growing
SeasonalityPeak in summer and holidays

Consumer Trends

Live entertainment demand increasing

SWOT Analysis

Strengths

Internal advantages

  • Established local presence
  • Strong weekend traffic

Weaknesses

Areas for improvement

  • Small seating capacity
  • Competition from new venues

Opportunities

External potential

  • Add live entertainment
  • Grow social media presence

Threats

External risks

  • New competitor openings
  • Changing consumer preferences

Strategic Recommendations

Quick Wins

Implement this week

Launch Instagram account with weekly specials

Start a simple loyalty card program

Growth Strategies

1-3 months

Partner with food delivery apps

Expand outdoor seating

Risks to Monitor

Ongoing vigilance

Monitor lease renewal terms

Maintain liquor license compliance

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Mobile bar catering service

Launch a mobile cocktail bar service leveraging Franklin Park's brand and mixology expertise for events and parties.

2

Bar merchandise and branded spirits

Create a line of branded merchandise and collaborate with local distilleries on a signature spirit for Franklin Park.

Digital Score

48/ 100
Fair

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendCraft cocktail bars growing
Digital Score48/100

Contact Info

618 Saint Johns Place, New York, NY, 11238, 11238

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