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Financials

MB106198322
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Thirsty Nickel

325 E 6TH ST, Austin, TX 78701 · TABC MB106198322

Mixed Beverage Austin Market Enriched 2026-05-24
$2,152,858 Annual gross (L12M) ▲ 23.1% latest MoM Click for monthly detail
$179,405 Avg monthly ▲ 14.2% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $482,240/yr est. net Click for cost model
$1,206k–$1,688k Est. acquisition range 0.67× 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $3,075,511 – $4,305,716/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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Thirsty Nickel is a mixed-beverage licensed establishment at 325 E 6TH ST, Austin, Texas (TABC MB106198322). Over the most recent 12 months it reported $2,152,858 in gross alcohol sales, averaging $179,405/month with a best month of $213,553. Sales mix: ~75% liquor · 25% beer · 0% wine. The building at this address is owned by SMITH-HAGE BUILDING L P (5,302 sqft, $2,750,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $482,240 (~22% margin). Acquisition value is estimated at $1,206k–$1,688k 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
$2,152,858
Avg monthly
$179,405
Best month
$213,553
Oct 2025
Sales mix
75% Liq
25% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194497
Property owner (landlord)SMITH-HAGE BUILDING L P
Total building SF5,302
Assessed value$2,750,000

Thirsty Nickel's share

Est. base rent ~$41/sqft/yr · 7,500 sqft · Class A $25,776/mo
NNN CAM / insurance$3,866/mo
NNN property tax$2,292/mo
Personal property tax est — no BPP record $359/mo
Total occupancy $32,293/mo

Occupancy analysis

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.

Profit scenarios

Texas bar cost model applied to $2,152,858 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,152,858
COGS (24%)−$516,686
Labor (14%)−$301,400
Occupancy−$348,763
TX MB gross tax (6.7%)−$144,241
Utilities / ins / mktg (8%)−$172,229
Card surcharge net+$23,681
Net profit $693,220
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,152,858
COGS (27%)−$581,272
Labor (17%)−$365,986
Occupancy−$387,514
TX MB gross tax (6.7%)−$144,241
Utilities / ins / mktg (10%)−$215,286
Card surcharge net+$23,681
Net profit $482,240
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,152,858
COGS (30%)−$645,857
Labor (22%)−$473,629
Occupancy−$426,266
TX MB gross tax (6.7%)−$144,241
Utilities / ins / mktg (12%)−$258,343
Card surcharge net+$23,681
Net profit $228,203
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 325 Barthirst LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $482,240/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 (~$482,240 net) estimated

Revenue multiple
$1.08M–$1.72M
0.5–0.8× gross
SDE multiple
$1.21M–$1.69M
2.5–3.5× earnings
Cap rate
$1.46M–$1.93M
25–33%
Suggested range
$1,206k–$1,688k
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

1 case on file · public records

1 federal case
1 wage-and-hour
As defendant in 1 case
Most recent filing
Vasil v. 325 Thirnicbar, LLC
TXWD · 2019-05-21 · CLOSED
Public records, last checked 2026-07-12