Wold Bean

Bars & Pubs · New York, NY

Business Summary

Wold Bean is a lively cocktail bar located in New York, NY. Known for craft cocktails and outdoor seating, it serves the local community and visitors alike.

Location & Competitors

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Neighborhood
Entertainment district
Foot Traffic
Moderate
Parking
No dedicated parking
Transit Access
Excellent - major transit hub nearby
Nearby Landmarks
entertainment venueshopping districtsubway station

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Caps Beer Garden
0.16km
42/100
Weak
Medium
United Polaris Lounge
0.32km
15/100
Weak
Low
Oeno
0.64km
23/100
Weak
Low
Wanderlust Burger Bar
0.80km
81/100
Strong
High

Competitive Summary

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

Financial Estimates

Financial Overview

Estimated Value$600K-$1.2M
Industry Margin15-22%
Entry Cost$150K-$350K

Market Analysis

Market Size$2.5B+ NYC bar and nightlife market
TrendStable - established market with loyal clientele
SeasonalityPeak: summer (outdoor), winter holidays; Slow: January-February

Consumer Trends

Social media-worthy venuesNon-alcoholic cocktail growthLocal/sustainable sourcing

SWOT Analysis

Strengths

Internal advantages

  • Prime NYC location
  • Strong repeat customer base
  • Late-night operating hours

Weaknesses

Areas for improvement

  • Staff turnover challenges
  • High NYC rent costs
  • Dependency on weekend revenue

Opportunities

External potential

  • Social media marketing growth
  • Partnerships with local restaurants
  • Expand to private events and corporate bookings

Threats

External risks

  • Noise complaints from residential neighbors
  • Supply chain disruptions
  • Shifting consumer preferences

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

Develop signature cocktail line for retail

Launch brunch service on weekends

Risks to Monitor

Ongoing vigilance

Monitor lease renewal terms closely

Maintain liquor license compliance

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Virtual Happy Hour Platform

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

2

Cocktail Kit Delivery Service

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

3

Bar Crawl App

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

Digital Score

73/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendStable - established market with loyal clientele
Digital Score73/100

Contact Info

New York, NY
Used by 200+ businesses

What Top Competitors Already Know

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

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