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MB200035973
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Asylum Cc LLC

320 E 6TH ST, Austin, TX 78701 · TABC MB200035973

Mixed Beverage Austin Market Enriched 2026-05-24
$5,865,848 Annual gross (L12M) ▲ 6.2% latest MoM Click for monthly detail
$488,821 Avg monthly ▲ 0.7% latest vs avg Click for monthly detail
~33% Est. net margin (likely) $1,934,698/yr est. net Click for cost model
$4,837k–$5,866k Est. acquisition range 0.91× 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 Theater, liquor is typically only 20–40% of total business revenue. Concessions liquor. Estimated total revenue (rough): $14,664,620 – $29,329,240/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

Asylum Cc LLC is a mixed-beverage licensed establishment at 320 E 6TH ST, Austin, Texas (TABC MB200035973). Over the most recent 12 months it reported $5,865,848 in gross alcohol sales, averaging $488,821/month with a best month of $558,649. Sales mix: ~74% liquor · 22% beer · 5% wine. The building at this address is owned by ASYLUM REAL ESTATE HOLDINGS LLC (8,237 sqft, $2,746,613 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,934,698 (~33% margin). Acquisition value is estimated at $4,837k–$5,866k 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
$5,865,848
Avg monthly
$488,821
Best month
$558,649
May 2025
Sales mix
74% Liq
22% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194505
Property owner (landlord)ASYLUM REAL ESTATE HOLDINGS LLC
Total building SF8,237
Assessed value$2,746,613

Asylum Cc LLC's share

Est. base rent ~$47/sqft/yr · 7,500 sqft · Class A $29,177/mo
NNN CAM / insurance$4,377/mo
NNN property tax$2,289/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $36,259/mo

Occupancy analysis

All-in occupancy cost is 7.4% 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 $5,865,848 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~42%
Revenue$5,865,848
COGS (24%)−$1,407,804
Labor (14%)−$821,219
Occupancy−$391,594
TX MB gross tax (6.7%)−$393,012
Utilities / ins / mktg (8%)−$469,268
Card surcharge net+$64,524
Net profit $2,447,476
Most Likely
Typical bar, light food program, full two-shift staffing
~33%
Revenue$5,865,848
COGS (27%)−$1,583,779
Labor (17%)−$997,194
Occupancy−$435,105
TX MB gross tax (6.7%)−$393,012
Utilities / ins / mktg (10%)−$586,585
Card surcharge net+$64,524
Net profit $1,934,698
Stressed
Heavy food, larger crew, higher rent
~22%
Revenue$5,865,848
COGS (30%)−$1,759,754
Labor (22%)−$1,290,487
Occupancy−$478,615
TX MB gross tax (6.7%)−$393,012
Utilities / ins / mktg (12%)−$703,902
Card surcharge net+$64,524
Net profit $1,304,602
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 Asylum Cc LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,934,698/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 (~$1,934,698 net) estimated

Revenue multiple
$2.93M–$4.69M
0.5–0.8× gross
SDE multiple
$4.84M–$6.77M
2.5–3.5× earnings
Cap rate
$5.86M–$7.74M
25–33%
Suggested range
$4,837k–$5,866k
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.
Full-business estimate · Theater

If you're buying the whole restaurant, not just the bar program

We estimate this theater pulls $14,664,620–$29,329,240/yr in total revenue (your liquor portion of $5,865,848 is roughly 20–40% 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).

Estimated total revenue
$14,665k–$29,329k
food + liquor + service
Estimated net (10–15%)
$1,466k–$4,399k
restaurant margin
Full-business value
$4,033k–$16,131k
blended rev × SDE

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.

Federal court history

Public records · last checked 2026-05-25

Lookup pending — check back tomorrow

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