← The Boat /

Financials

MB1093567
Dashboard › The Boat › Financial Intelligence

The Boat

10931 STONELAKE BLVD, Austin, TX 78759 · TABC MB1093567

Mixed Beverage Austin Market Enriched 2026-06-15
$970,103 Annual gross (L12M) ▼ 22.6% latest MoM Click for monthly detail
$80,842 Avg monthly ▲ 15.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $212,598/yr est. net Click for cost model
$531k–$744k Est. acquisition range 0.66× 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): $1,385,861 – $1,940,206/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to The Boat My bars

Executive Summary

Click to expand full narrative

The Boat is a mixed-beverage licensed establishment at 10931 STONELAKE BLVD, Austin, Texas (TABC MB1093567). Over the most recent 12 months it reported $970,103 in gross alcohol sales, averaging $80,842/month with a best month of $120,917. Sales mix: ~52% liquor · 43% beer · 4% wine. The building at this address is owned by 10911 STONELAKE LP (27,839 sqft, $7,795,062 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $212,598 (~22% margin). Acquisition value is estimated at $531k–$744k 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
$970,103
Avg monthly
$80,842
Best month
$120,917
Mar 2026
Sales mix
52% Liq
43% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID548247
Property owner (landlord)10911 STONELAKE LP
Total building SF27,839
Assessed value$7,795,062

The Boat's share

Est. base rent ~$39/sqft/yr · 3,500 sqft · Class A $11,434/mo
NNN CAM / insurance$1,715/mo
NNN property tax$1,633/mo
Personal property tax est — no BPP record $162/mo
Total occupancy $14,944/mo

Occupancy analysis

All-in occupancy cost is 18.5% 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 $970,103 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$970,103
COGS (24%)−$232,825
Labor (14%)−$135,814
Occupancy−$161,391
TX MB gross tax (6.7%)−$64,997
Utilities / ins / mktg (8%)−$77,608
Card surcharge net+$10,671
Net profit $308,139
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$970,103
COGS (27%)−$261,928
Labor (17%)−$164,918
Occupancy−$179,323
TX MB gross tax (6.7%)−$64,997
Utilities / ins / mktg (10%)−$97,010
Card surcharge net+$10,671
Net profit $212,598
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$970,103
COGS (30%)−$291,031
Labor (22%)−$213,423
Occupancy−$197,256
TX MB gross tax (6.7%)−$64,997
Utilities / ins / mktg (12%)−$116,412
Card surcharge net+$10,671
Net profit $97,656
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 Crawfish Atx Partners LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $212,598/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 (~$212,598 net) estimated

Revenue multiple
$485k–$776k
0.5–0.8× gross
SDE multiple
$531k–$744k
2.5–3.5× earnings
Cap rate
$644k–$850k
25–33%
Suggested range
$531k–$744k
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 2026-06-01

No federal lawsuits — past or pending