Teardrop Lounge

What Teardrop Lounge does

Teardrop Lounge is a single-location, founder-operated cocktail lounge established in 2007 in Portland, Oregon's Pearl District, at 1015 NW Everett Street. The venue operates nightly from 4pm until close and serves adult patrons an adult-only environment (its license does not permit minors) with a curated program of classic cocktails spanning roughly the last two centuries alongside original seasonal creations developed by recruited bartenders. The product surface includes a core cocktail menu, a seasonal menu, a food menu (small plates and bar bites), a non-alcoholic drinks menu, and the adjacent Crybaby private event space — an industrial-chic room with high ceilings and natural light that accommodates private cocktail parties of up to 50 guests. Reservation access is through Resy on Fridays and Saturdays for parties of up to 8 in Crybaby, with walk-in service available at all other times; private event inquiries are handled by email.

The business model is purely transactional. Revenue is generated through three streams — cocktail and beverage sales, food menu sales, and private event bookings — with no cover charges, minimums, or subscription pricing disclosed. The go-to-motion is hybrid: walk-in traffic anchored by earned media recognition (North America's 50 Best Bars, Esquire, Food & Wine, Travel + Leisure, Playboy, Sunset Magazine, Portland Monthly) drives top-of-funnel awareness, Resy captures weekend demand, email inquiry drives private event conversions, and a cross-city "Friends" network of more than 60 partner cocktail bars across major US markets functions as a referral and credibility layer. There is no technology platform, no proprietary software, no app, and no disclosed data infrastructure; the underlying capability is craft bartender talent, physical space, and brand reputation built over 18 years.

Name

Teardrop Lounge

Legal name

Teardrop Lounge

Website

https://teardroplounge.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Teardrop Lounge is a single-location craft cocktail lounge in Portland's Pearl District, founded 2007, serving classic and seasonal cocktails, food, and private events for up to 50 guests via its Crybaby room.

Ownership category

akta.pro rank

Product category

Cocktail Bar / Hospitality Services

NAICS

Drinking Places (Alcoholic Beverages) (7224)

akta.pro primary industry

Cocktail Bars & Speakeasies (THAFAEAE)

akta.pro secondary industries

Cocktail Lounges & Speakeasies (MPAGAIAD), Cocktail Bars & Lounges (CRANACAD)

Keywords

• Craft cocktail bar
• Private event venue
• Bar food service
• Seasonal cocktail menu
• Lounge hospitality

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Cocktail and beverage sales: Primary revenue from selling cocktails and beverages. The lounge offers cocktails from the previous two centuries alongside original seasonal creations. Revenue is generated through individual transactions at the bar with no stated minimums or cover charges.
2. Food menu sales: Revenue from food menu items including small plates and bar bites, complementing the cocktail offerings.
3. Private event rentals: Crybaby space adjacent to the main bar is available for private cocktail parties of up to 50 guests. Revenue generated through event booking fees or minimum spend requirements for private event inquiries.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Teardrop Lounge is a pioneering cocktail bar in Portland's Pearl District, established in 2007, serving lovingly crafted cocktails spanning the previous two centuries alongside original seasonal creations. The venue operates a sensuously curved island bar nightly from 4pm to close, complemented by a food menu of small plates and bar bites. Adjacent to the main bar is Crybaby, an industrial chic private event space accommodating cocktail parties of up to 50 guests.

Product overview

Teardrop Lounge operates as a single flagship cocktail lounge with a unified hospitality experience. The core offering is the main cocktail lounge at 1015 NW Everett Street, Portland, featuring a broad spectrum of classic cocktails spanning two centuries alongside original seasonal creations. The business extends into private events through Crybaby, an adjacent industrial chic space for parties up to 50 guests. Supporting the experience are multiple PDF-based menu offerings including cocktails, seasonal specials, non-alcoholic drinks, and food.

Differentiator

Problem solved

Functional benefit

Brands

• Crybaby: A room adjacent to the main Teardrop Lounge bar used for reservations on Fridays and Saturdays, as well as private events for up to 50 guests. Crybaby features high ceilings, natural light, and personalized service.

Products and services

• Teardrop Cocktail Lounge Bar Service Walk-in cocktail bar service at 1015 NW Everett Street, Portland, offering lovingly crafted cocktails from the previous two centuries and original seasonal creations, with a food menu of small plates and bar bites, served nightly from 4pm to close at a sensuously curved island bar.
• Crybaby Private Event Space

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Pacific Cocktail Haven: San Francisco craft cocktail bar explicitly listed in Teardrop's 'Friends' network. Same category, similar craft positioning, and a directly cited peer relationship by Teardrop itself.
• Cure: New Orleans craft cocktail bar recognized as a leader of the modern classic-cocktail movement. Matches Teardrop's classic-meets-original menu philosophy and similar high-credibility industry standing.
• The Aviary: Chicago cocktail bar founded by Grant Achatz, operating at the intersection of fine dining and cocktails with a seasonal, innovative menu — directly comparable to Teardrop's positioning as a culinary-grade cocktail experience.
• The Dead Rabbit: Historic New York cocktail bar repeatedly recognized on World's 50 Best Bars lists. Comparable to Teardrop in history-rich positioning, menu depth, and prestige-driven reputation.
• Death & Co. Iconic New York craft cocktail bar widely regarded as a pioneer of the American cocktail renaissance. Operates multiple locations with a similar model of seasonal menus, classic and original cocktails, and reservations — making it the closest category comparable to Teardrop.
• PDT (Please Don't Tell): New York speakeasy-style cocktail bar with the same craft cocktail DNA and an international reputation. Comparable in menu depth, walk-in culture (with reservation constraints), and prestige positioning.
• Trick Dog: Award-winning San Francisco cocktail bar known for innovative, theme-driven seasonal menus. Strong parallel to Teardrop's 'previous two centuries plus original seasonal creations' approach and award recognition cadence.
• Smuggler's Cove: San Francisco destination cocktail bar with a deep historical cocktail program and cult following. Comparable to Teardrop in scale, awards pedigree, and the visitor-driven, experiential positioning.

Regional players

• Zig Zag Cafe: Seattle classic cocktail bar in Teardrop's Friends network. Comparable product and category, serving a different but nearby Pacific Northwest geography.
• Williams & Graham: Denver speakeasy-style craft cocktail bar also part of Teardrop's Friends network. Same category and classic-plus-original menu model in a different U.S. metro.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/teardroplounge
• Facebookfacebook.com/100070911916685
• LinkedInlinkedin.com/company/teardrop-lounge

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Teardrop Lounge