6319 N INTERSTATE 35, Austin, TX 78752 · TABC MB482914
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Pappadeaux Seafood Kitchen #3 is a mixed-beverage licensed establishment at 6319 N INTERSTATE 35, Austin, Texas (TABC MB482914). Over the most recent 12 months it reported $1,046,733 in gross alcohol sales, averaging $87,228/month with a best month of $101,727. Sales mix: ~77% liquor · 9% beer · 14% wine. The building at this address is owned by PHCG INVESTMENTS GP (12,968 sqft, $4,841,767 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $234,468 (~22% margin). Acquisition value is estimated at $586k–$821k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
Pappadeaux Seafood Kitchen #3's share
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.
Texas bar cost model applied to $1,046,733 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$234,468 net) estimated
We estimate this restaurant / bar pulls $2,326,073–$4,186,932/yr in total revenue (your liquor portion of $1,046,733 is roughly 25–45% 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).
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.
20 cases on file · 1 currently open · public records
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