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Financials

MB517820
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Friends

208 E 6TH ST, Austin, TX 78701 · TABC MB517820

Mixed Beverage Austin Market Enriched 2026-05-24
$2,007,077 Annual gross (L12M) ▼ 4.0% latest MoM Click for monthly detail
$167,256 Avg monthly ▲ 4.5% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $510,679/yr est. net Click for cost model
$1,277k–$1,787k Est. acquisition range 0.76× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $2,007,077 – $2,230,086/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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Friends is a mixed-beverage licensed establishment at 208 E 6TH ST, Austin, Texas (TABC MB517820). Over the most recent 12 months it reported $2,007,077 in gross alcohol sales, averaging $167,256/month with a best month of $222,490. Sales mix: ~57% liquor · 42% beer · 1% wine. The building at this address is owned by SRPF B/PECAN STREET II LP (5,000 sqft, $1,177,600 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $510,679 (~25% margin). Acquisition value is estimated at $1,277k–$1,787k 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
$2,007,077
Avg monthly
$167,256
Best month
$222,490
Oct 2025
Sales mix
57% Liq
42% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194455
Property owner (landlord)SRPF B/PECAN STREET II LP
Total building SF5,000
Assessed value$1,177,600

Friends's share

Est. base rent ~$33/sqft/yr · 7,500 sqft · Class A $20,608/mo
NNN CAM / insurance$3,091/mo
NNN property tax$981/mo
Personal property tax est — no BPP record $335/mo
Total occupancy $25,015/mo

Occupancy analysis

All-in occupancy cost is 15.0% 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 $2,007,077 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$2,007,077
COGS (24%)−$481,698
Labor (14%)−$280,991
Occupancy−$270,162
TX MB gross tax (6.7%)−$134,474
Utilities / ins / mktg (8%)−$160,566
Card surcharge net+$22,078
Net profit $701,263
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$2,007,077
COGS (27%)−$541,911
Labor (17%)−$341,203
Occupancy−$300,181
TX MB gross tax (6.7%)−$134,474
Utilities / ins / mktg (10%)−$200,708
Card surcharge net+$22,078
Net profit $510,679
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$2,007,077
COGS (30%)−$602,123
Labor (22%)−$441,557
Occupancy−$330,199
TX MB gross tax (6.7%)−$134,474
Utilities / ins / mktg (12%)−$240,849
Card surcharge net+$22,078
Net profit $279,953
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 Hooms INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $510,679/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 (~$510,679 net) estimated

Revenue multiple
$1.00M–$1.61M
0.5–0.8× gross
SDE multiple
$1.28M–$1.79M
2.5–3.5× earnings
Cap rate
$1.55M–$2.04M
25–33%
Suggested range
$1,277k–$1,787k
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 2026-06-02

Lookup pending — check back tomorrow

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