Redd's Tavern

Bars & Pubs · New York, NY

Business Summary

Redd's Tavern is a classic sports bar located in New York, NY. Known for private event space and craft cocktails, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Entertainment district
Foot Traffic
High
Parking
Metered street parking
Transit Access
Good - bus routes and subway access nearby
Nearby Landmarks
office buildingsshopping districtuniversity campus

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
The Clonard
0m
23/100
Weak
Low
The Whiskey
0m
48/100
Average
Medium
Abba Bar & Grill
0.16km
77/100
Strong
High
Barcade
0.16km
76/100
Strong
High

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 2 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$600K-$1.2M
Industry Margin12-18%
Entry Cost$200K-$450K

Market Analysis

Market Size$2.5B+ NYC bar and nightlife market
TrendGrowing - NYC nightlife recovery post-pandemic
SeasonalityPeak: summer (outdoor), winter holidays; Slow: January-February

Consumer Trends

Social media-worthy venuesLocal/sustainable sourcingExperience-driven spending

SWOT Analysis

Strengths

Internal advantages

  • Established brand in local community
  • Diverse drink menu
  • Late-night operating hours

Weaknesses

Areas for improvement

  • Staff turnover challenges
  • Seasonal foot traffic variation
  • Dependency on weekend revenue

Opportunities

External potential

  • Develop delivery/takeout cocktail kits
  • Expand to private events and corporate bookings
  • Partnerships with local restaurants

Threats

External risks

  • Economic downturn impact on discretionary spending
  • New competitor openings
  • Shifting consumer preferences

Strategic Recommendations

Quick Wins

Implement this week

Optimize Google Business Profile with photos and updated hours

Set up email list for event promotions

Growth Strategies

1-3 months

Build partnerships with nearby hotels for guest referrals

Create cocktail subscription boxes

Risks to Monitor

Ongoing vigilance

Maintain liquor license compliance

Track competitor pricing strategies

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

Cocktail Kit Delivery Service

Pre-measured cocktail kits delivered to homes with recipe cards and garnishes for the NYC market.

Digital Score

53/ 100
Fair

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendGrowing - NYC nightlife recovery post-pandemic
Digital Score53/100

Contact Info

New York, NY

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