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Financials

MB200151623
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Mort Subite

308 CONGRESS AVE, Austin, TX 78701 · TABC MB200151623

Mixed Beverage Austin Market Enriched 2026-07-11
$682,032 Annual gross (L12M) ▼ 51.9% latest MoM Click for monthly detail
$56,836 Avg monthly ▼ 10.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $152,775/yr est. net Click for cost model
$382k–$535k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $717,928 – $852,540/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

Mort Subite is a mixed-beverage licensed establishment at 308 CONGRESS AVE, Austin, Texas (TABC MB200151623). Over the most recent 12 months it reported $682,032 in gross alcohol sales, averaging $56,836/month with a best month of $106,375. Sales mix: ~13% liquor · 82% beer · 5% wine. The building at this address is owned by AP3 PPW LTD (13,428 sqft, $3,760,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $152,775 (~22% margin). Acquisition value is estimated at $382k–$535k 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
$682,032
Avg monthly
$56,836
Best month
$106,375
Apr 2026
Sales mix
13% Liq
82% Beer · 5% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID192791
Property owner (landlord)AP3 PPW LTD
Total building SF13,428
Assessed value$3,760,000

Mort Subite's share

Est. base rent ~$25/sqft/yr · 3,500 sqft · Class A $7,377/mo
NNN CAM / insurance$1,107/mo
NNN property tax$1,633/mo
Personal property tax est — no BPP record $114/mo
Total occupancy $10,230/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 $682,032 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$682,032
COGS (24%)−$163,688
Labor (14%)−$95,484
Occupancy−$110,489
TX MB gross tax (6.7%)−$45,696
Utilities / ins / mktg (8%)−$54,563
Card surcharge net+$7,502
Net profit $219,614
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$682,032
COGS (27%)−$184,149
Labor (17%)−$115,945
Occupancy−$122,766
TX MB gross tax (6.7%)−$45,696
Utilities / ins / mktg (10%)−$68,203
Card surcharge net+$7,502
Net profit $152,775
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$682,032
COGS (30%)−$204,610
Labor (22%)−$150,047
Occupancy−$135,042
TX MB gross tax (6.7%)−$45,696
Utilities / ins / mktg (12%)−$81,844
Card surcharge net+$7,502
Net profit $72,295
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 Mort Subite LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $152,775/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 (~$152,775 net) estimated

Revenue multiple
$341k–$546k
0.5–0.8× gross
SDE multiple
$382k–$535k
2.5–3.5× earnings
Cap rate
$463k–$611k
25–33%
Suggested range
$382k–$535k
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 2026-07-08

Lookup pending — check back tomorrow

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