Iridium Jazz Club

Bars & Pubs · New York, NY

Business Summary

Iridium Jazz Club is a upscale craft beer bar located in 1650 Broadway, New York, NY, 10019. Known for trivia nights and private event space, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Urban commercial
Foot Traffic
Moderate
Parking
Metered street parking
Transit Access
Good - bus routes and subway access nearby
Nearby Landmarks
hotel districtentertainment venueresidential area

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Rosie O'Grady's Saloon
0.16km
63/100
Average
High
McHale's Pub
0.16km
49/100
Average
Medium
The Three Monkeys
0.16km
28/100
Weak
Medium
Russian Vodka Room
0.16km
28/100
Weak
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$300K-$700K
Industry Margin10-15%
Entry Cost$250K-$500K

Market Analysis

Market Size$2.8B NYC drinking establishments market
TrendGrowing - craft cocktail culture expanding
SeasonalityYear-round with peaks during holidays and events

Consumer Trends

Non-alcoholic cocktail growthLate-night dining integrationDemand for craft/artisanal drinks

SWOT Analysis

Strengths

Internal advantages

  • Late-night operating hours
  • Diverse drink menu
  • Experienced bar staff

Weaknesses

Areas for improvement

  • Limited seating capacity
  • Rising ingredient costs
  • Intense local competition

Opportunities

External potential

  • Loyalty program implementation
  • Launch cocktail classes or tasting events
  • Social media marketing growth

Threats

External risks

  • Economic downturn impact on discretionary spending
  • Changing liquor regulations
  • Noise complaints from residential neighbors

Strategic Recommendations

Quick Wins

Implement this week

Partner with local food delivery apps

Optimize Google Business Profile with photos and updated hours

Growth Strategies

1-3 months

Expand to private event hosting

Create cocktail subscription boxes

Risks to Monitor

Ongoing vigilance

Track competitor pricing strategies

Monitor lease renewal terms closely

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

Bar Crawl App

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

3

Bartender Marketplace

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

Digital Score

66/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing - craft cocktail culture expanding
Digital Score66/100

Contact Info

1650 Broadway, New York, NY, 10019, 10019
Used by 200+ businesses

What Top Competitors Already Know

See exactly how Iridium Jazz Club stacks up: revenue projections, competitive blind spots, and 3 growth opportunities other businesses in this market are already using.

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