1500 S LAMAR BLVD STE 110, Austin, TX 78704 · TABC MB105696834
Click to expand full narrative
It's Italian Cucina is a mixed-beverage licensed establishment at 1500 S LAMAR BLVD STE 110, Austin, Texas (TABC MB105696834). Over the most recent 12 months it reported $379,155 in gross alcohol sales, averaging $31,596/month with a best month of $40,432. Sales mix: ~32% liquor · 8% beer · 61% wine. The building at this address is owned by MID-AMERICA APARTMENTS LP (278,325 sqft, $85,552,572 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $84,931 (~22% margin). Acquisition value is estimated at $212k–$297k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
It's Italian Cucina's share
All-in occupancy cost is 18.0% 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.
Texas bar cost model applied to $379,155 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$84,931 net) estimated
We estimate this restaurant / bar pulls $842,567–$1,516,620/yr in total revenue (your liquor portion of $379,155 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).
Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.
Public records · last checked 2026-07-01
—