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Financials

MB200044930
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Devil May Care

500 W 6TH ST, Austin, TX 78701 · TABC MB200044930

Mixed Beverage Austin Market Enriched 2026-05-24
$2,228,186 Annual gross (L12M) ▲ 28.8% latest MoM Click for monthly detail
$185,682 Avg monthly ▲ 28.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $499,114/yr est. net Click for cost model
$1,248k–$1,747k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $2,345,459 – $2,621,395/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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Devil May Care is a mixed-beverage licensed establishment at 500 W 6TH ST, Austin, Texas (TABC MB200044930). Over the most recent 12 months it reported $2,228,186 in gross alcohol sales, averaging $185,682/month with a best month of $238,500. Sales mix: ~88% liquor · 5% beer · 8% wine. The building at this address is owned by STRATFORD ARMS LIMITED PARTNERSHIP (2,500 sqft, $3,491,956 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $499,114 (~22% margin). Acquisition value is estimated at $1,248k–$1,747k 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
$2,228,186
Avg monthly
$185,682
Best month
$238,500
Apr 2026
Sales mix
88% Liq
5% Beer · 8% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194189
Property owner (landlord)STRATFORD ARMS LIMITED PARTNERSHIP
Total building SF2,500
Assessed value$3,491,956

Devil May Care's share

Est. base rent ~$42/sqft/yr · 7,500 sqft · Class A $26,210/mo
NNN CAM / insurance$3,931/mo
NNN property tax$2,910/mo
Personal property tax est — no BPP record $371/mo
Total occupancy $33,423/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 $2,228,186 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,228,186
COGS (24%)−$534,765
Labor (14%)−$311,946
Occupancy−$360,966
TX MB gross tax (6.7%)−$149,288
Utilities / ins / mktg (8%)−$178,255
Card surcharge net+$24,510
Net profit $717,476
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,228,186
COGS (27%)−$601,610
Labor (17%)−$378,792
Occupancy−$401,073
TX MB gross tax (6.7%)−$149,288
Utilities / ins / mktg (10%)−$222,819
Card surcharge net+$24,510
Net profit $499,114
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,228,186
COGS (30%)−$668,456
Labor (22%)−$490,201
Occupancy−$441,181
TX MB gross tax (6.7%)−$149,288
Utilities / ins / mktg (12%)−$267,382
Card surcharge net+$24,510
Net profit $236,188
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 Dmc Kitchen LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $499,114/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 (~$499,114 net) estimated

Revenue multiple
$1.11M–$1.78M
0.5–0.8× gross
SDE multiple
$1.25M–$1.75M
2.5–3.5× earnings
Cap rate
$1.51M–$2.00M
25–33%
Suggested range
$1,248k–$1,747k
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

Lookup pending — check back tomorrow

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