Grace's

Bars & Pubs · New York, NY

Business Summary

Grace's is a casual lounge located in 252 West 14th Street, New York, NY, 10011. Known for trivia nights and happy hour specials, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Urban commercial
Foot Traffic
Moderate-High
Parking
Nearby parking garage within 2 blocks
Transit Access
Excellent - major transit hub nearby
Nearby Landmarks
hotel districtrestaurant row

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
McKenna’s Bar
0m
76/100
Strong
High
Up & Down
0m
19/100
Weak
Low
Art Bar
0.16km
57/100
Average
High
Flannery's Bar
0.32km
64/100
Average
High

Competitive Summary

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

Financial Estimates

Financial Overview

Estimated Value$300K-$700K
Industry Margin8-15%
Entry Cost$300K-$600K

Market Analysis

Market Size$2.8B NYC drinking establishments market
TrendGrowing - craft cocktail culture expanding
SeasonalityPeak: fall/winter; Slow: mid-summer

Consumer Trends

Non-alcoholic cocktail growthLocal/sustainable sourcingDemand for craft/artisanal drinks

SWOT Analysis

Strengths

Internal advantages

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

Weaknesses

Areas for improvement

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

Opportunities

External potential

  • Loyalty program implementation
  • Social media marketing growth
  • Expand to private events and corporate bookings

Threats

External risks

  • Supply chain disruptions
  • New competitor openings
  • Rising commercial rents

Strategic Recommendations

Quick Wins

Implement this week

Launch Instagram presence with cocktail photography

Set up email list for event promotions

Growth Strategies

1-3 months

Develop signature cocktail line for retail

Expand to private event hosting

Risks to Monitor

Ongoing vigilance

Maintain liquor license compliance

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

Bar Crawl App

Curated bar crawl routes in NYC neighborhoods with exclusive deals and real-time wait times.

3

Virtual Happy Hour Platform

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

Digital Score

27/ 100
Poor

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing - craft cocktail culture expanding
Digital Score27/100

Contact Info

252 West 14th Street, New York, NY, 10011, 10011
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