IPA: //ˈdræmʃɒp//
KK: /dræmʃɑp/
A place where alcoholic drinks are sold, often a bar or tavern.
They decided to meet at the local dramshop for a drink after work.
Dramshop → The word is formed from 'dram' (from Middle English 'dramm', meaning a small drink of spirits) and 'shop' (from Old English 'sceoppa', meaning a place or building). A dramshop is a place where small drinks, particularly alcoholic beverages, are served.
Think of a 'small drink' ('dram') being served in a 'place' ('shop') — that's what a dramshop is.