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Financials

MB955325
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2Nd Bar & Kitchen

3600 PRESIDENTIAL BLVD STE 3660, Austin, TX 78719 · TABC MB955325

Mixed Beverage Austin Market Enriched 2026-05-19
$1,561,464 Annual gross (L12M) ▲ 35.4% latest MoM Click for monthly detail
$130,122 Avg monthly ▲ 16.0% latest vs avg Click for monthly detail
~-2014% Est. net margin (likely) $-31,442,433/yr est. net Click for cost model
$781k–$-110,049k Est. acquisition range -34.99× annual gross (blended) Click for valuation methods
Liquor sales only — total revenue is higher
Every dollar on this page comes from Mixed Beverage Gross Receipts filings — the alcohol portion of total sales. For a Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $1,643,646 – $1,837,016/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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2Nd Bar & Kitchen is a mixed-beverage licensed establishment at 3600 PRESIDENTIAL BLVD STE 3660, Austin, Texas (TABC MB955325). Over the most recent 12 months it reported $1,561,464 in gross alcohol sales, averaging $130,122/month with a best month of $159,691. Sales mix: ~49% liquor · 33% beer · 18% wine. The building at this address is owned by CITY OF AUSTIN (2,500 sqft, $96,596,811 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-31,442,433 (~-2014% margin). Acquisition value is estimated at $781k–$-110,049k across revenue-multiple, SDE-multiple, and cap-rate methods. All revenue figures are gross mixed-beverage receipts as filed with the Texas Comptroller; they exclude cash income such as cover charges, game machines, or merchandise.

Sales performance · last 12 months

Texas Comptroller mixed-beverage gross receipts actual

Annual gross
$1,561,464
Avg monthly
$130,122
Best month
$159,691
May 2025
Sales mix
49% Liq
33% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID292254
Property owner (landlord)CITY OF AUSTIN
Total building SF whole parcel — 2Nd Bar & Kitchen is in STE 36602,500
2Nd Bar & Kitchen's footprint estimated — suite-level not on file 5,000 sf
Assessed value$96,596,811

2Nd Bar & Kitchen's share

Est. base rent ~$5409/sqft/yr · 5,000 sqft · Class A $2,253,926/mo
NNN CAM / insurance$338,089/mo
NNN property tax$80,497/mo
Personal property tax est — no BPP record $260/mo
Total occupancy $2,672,772/mo

Occupancy analysis

All-in occupancy cost is 2054.1% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $1,561,464 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-1800%
Revenue$1,561,464
COGS (24%)−$374,751
Labor (14%)−$218,605
Occupancy−$28,865,938
TX MB gross tax (6.7%)−$104,618
Utilities / ins / mktg (8%)−$124,917
Card surcharge net+$17,176
Net profit $-28,110,189
Most Likely
Typical bar, light food program, full two-shift staffing
~-2014%
Revenue$1,561,464
COGS (27%)−$421,595
Labor (17%)−$265,449
Occupancy−$32,073,264
TX MB gross tax (6.7%)−$104,618
Utilities / ins / mktg (10%)−$156,146
Card surcharge net+$17,176
Net profit $-31,442,433
Stressed
Heavy food, larger crew, higher rent
~-2229%
Revenue$1,561,464
COGS (30%)−$468,439
Labor (22%)−$343,522
Occupancy−$35,280,591
TX MB gross tax (6.7%)−$104,618
Utilities / ins / mktg (12%)−$187,376
Card surcharge net+$17,176
Net profit $-34,805,906
Disclaimer: Revenue is mixed-beverage gross receipts from the Texas Comptroller — it does not include cash income like door charges, game machines, merchandise, or event rentals (which can add 10–25% for nightclubs). Cost ratios are industry benchmarks for Texas MB-permit bars. Rent is estimated from submarket comps; property tax is from county public records pro-rated by square footage. Actual profit depends on lease terms, staffing, owner salary, and one-time costs.

Owner income estimator

Split likely net profit across ownership estimated

TABC licensee Abi Food Services LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-31,442,433/year. Actual owner income depends on salary draws, distributions, debt service, and tax structure. Consult an accountant for actual income projections.

Acquisition value estimate

Based on most-likely scenario (~$-31,442,433 net) estimated

Revenue multiple
$781k–$1.25M
0.5–0.8× gross
SDE multiple
$-78,606k–$-110,049k
2.5–3.5× earnings
Cap rate
$-95,280k–$-125,770k
25–33%
Suggested range
$781k–$-110,049k
blended estimate
The numbers above are liquor-only: bar-style multiples applied to mixed-beverage receipts. They're the right answer for a pure bar/lounge — but for a restaurant, this is just one slice of total enterprise value (the bar program). See the food-business estimate below.

Federal court history

Public records · last checked 2026-05-26

No federal lawsuits — past or pending