Terraza 7

Bars & Pubs · New York, NY

Business Summary

Terraza 7 is a bar and pub located in 40-19 Gleane Street, Elmhurst, NY, 11373. It serves the local community with drinks, entertainment, and a social atmosphere. The venue has built a loyal following among neighborhood regulars.

Location & Competitors

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Neighborhood
Nightlife corridor
Foot Traffic
Moderate to High
Parking
Limited street parking
Transit Access
Excellent subway access
Nearby Landmarks
restaurantsentertainment venues

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Central Station Bar
0.32km
40/100
Weak
Medium
Uno Cafe and Billiards
0.64km
36/100
Weak
Medium
NY Cheviolotte Bar
0.64km
78/100
Strong
High
Winner's Bar
0.64km
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$1188K
Industry Margin11%
Entry Cost$176K

Market Analysis

Market Size$1.8B local nightlife market
TrendCraft cocktail bars growing
SeasonalityYear-round with holiday peaks

Consumer Trends

Craft cocktails and local spirits

SWOT Analysis

Strengths

Internal advantages

  • Established local presence
  • Community reputation

Weaknesses

Areas for improvement

  • High rent costs
  • Seasonal fluctuations

Opportunities

External potential

  • Expand food menu
  • Offer private event space

Threats

External risks

  • Rising rent and costs
  • Changing consumer preferences

Strategic Recommendations

Quick Wins

Implement this week

Launch Instagram account with weekly specials

Add happy hour promotions

Growth Strategies

1-3 months

Partner with food delivery apps

Create signature cocktail menu

Risks to Monitor

Ongoing vigilance

Watch neighborhood development impact

Track competitor pricing

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Mobile bar catering service

Launch a mobile cocktail bar service leveraging Terraza 7'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 Terraza 7.

Digital Score

74/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendCraft cocktail bars growing
Digital Score74/100

Contact Info

40-19 Gleane Street, Elmhurst, NY, 11373, 11373
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