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MB200123594
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The Meteor

2110 S CONGRESS AVE STE A, Austin, TX 78704 · TABC MB200123594

Mixed Beverage Austin Market Enriched 2026-07-11
$563,966 Annual gross (L12M) ▲ 5.4% latest MoM Click for monthly detail
$46,997 Avg monthly ▲ 9.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $126,328/yr est. net Click for cost model
$316k–$442k 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $704,958 – $939,943/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

The Meteor is a mixed-beverage licensed establishment at 2110 S CONGRESS AVE STE A, Austin, Texas (TABC MB200123594). Over the most recent 12 months it reported $563,966 in gross alcohol sales, averaging $46,997/month with a best month of $60,894. Sales mix: ~18% liquor · 29% beer · 53% wine. The building at this address is owned by HARTFORD PROPERTIES LLC (7,660 sqft, $2,145,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $126,328 (~22% margin). Acquisition value is estimated at $316k–$442k 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
$563,966
Avg monthly
$46,997
Best month
$60,894
Mar 2026
Sales mix
18% Liq
29% Beer · 53% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID303629
Property owner (landlord)HARTFORD PROPERTIES LLC
Total building SF whole parcel — The Meteor is in STE A7,660
The Meteor's footprint estimated — suite-level not on file 3,500 sf
Assessed value$2,145,000

The Meteor's share

Est. base rent ~$20/sqft/yr · 3,500 sqft · Class A $5,854/mo
NNN CAM / insurance$878/mo
NNN property tax$1,633/mo
Personal property tax est — no BPP record $94/mo
Total occupancy $8,459/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 $563,966 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$563,966
COGS (24%)−$135,352
Labor (14%)−$78,955
Occupancy−$91,362
TX MB gross tax (6.7%)−$37,786
Utilities / ins / mktg (8%)−$45,117
Card surcharge net+$6,204
Net profit $181,597
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$563,966
COGS (27%)−$152,271
Labor (17%)−$95,874
Occupancy−$101,514
TX MB gross tax (6.7%)−$37,786
Utilities / ins / mktg (10%)−$56,397
Card surcharge net+$6,204
Net profit $126,328
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$563,966
COGS (30%)−$169,190
Labor (22%)−$124,073
Occupancy−$111,665
TX MB gross tax (6.7%)−$37,786
Utilities / ins / mktg (12%)−$67,676
Card surcharge net+$6,204
Net profit $59,780
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 The Meteor South Congress LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $126,328/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 (~$126,328 net) estimated

Revenue multiple
$282k–$451k
0.5–0.8× gross
SDE multiple
$316k–$442k
2.5–3.5× earnings
Cap rate
$383k–$505k
25–33%
Suggested range
$316k–$442k
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 2026-05-24

Lookup pending — check back tomorrow

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