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Financials

MB710203
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Fleming's Prime Steakhouse & Wine Bar

11600 CENTURY OAKS TER STE 140, Austin, TX 78758 · TABC MB710203

Mixed Beverage Austin Market Enriched 2026-06-15
$1,234,085 Annual gross (L12M) ▼ 5.2% latest MoM Click for monthly detail
$102,840 Avg monthly ▼ 9.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $276,435/yr est. net Click for cost model
$691k–$968k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $3,085,212 – $4,936,340/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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Fleming's Prime Steakhouse & Wine Bar is a mixed-beverage licensed establishment at 11600 CENTURY OAKS TER STE 140, Austin, Texas (TABC MB710203). Over the most recent 12 months it reported $1,234,085 in gross alcohol sales, averaging $102,840/month with a best month of $199,127. Sales mix: ~50% liquor · 3% beer · 47% wine. The building at this address is owned by DOMAIN MALL LLC (221,973 sqft, $146,697,455 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $276,435 (~22% margin). Acquisition value is estimated at $691k–$968k 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
$1,234,085
Avg monthly
$102,840
Best month
$199,127
Dec 2025
Sales mix
50% Liq
3% Beer · 47% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID767635
Property owner (landlord)DOMAIN MALL LLC
Total building SF whole parcel — Fleming's Prime Steakhouse & Wine Bar is in STE 140221,973
Fleming's Prime Steakhouse & Wine Bar's footprint estimated — suite-level not on file 5,000 sf
Assessed value$146,697,455

Fleming's Prime Steakhouse & Wine Bar's share

Est. base rent ~$27/sqft/yr · 5,000 sqft · Class A $11,129/mo
NNN CAM / insurance$1,669/mo
NNN property tax$5,507/mo
Personal property tax est — no BPP record $206/mo
Total occupancy $18,511/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 $1,234,085 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,234,085
COGS (24%)−$296,180
Labor (14%)−$172,772
Occupancy−$199,922
TX MB gross tax (6.7%)−$82,684
Utilities / ins / mktg (8%)−$98,727
Card surcharge net+$13,575
Net profit $397,375
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,234,085
COGS (27%)−$333,203
Labor (17%)−$209,794
Occupancy−$222,135
TX MB gross tax (6.7%)−$82,684
Utilities / ins / mktg (10%)−$123,408
Card surcharge net+$13,575
Net profit $276,435
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,234,085
COGS (30%)−$370,226
Labor (22%)−$271,499
Occupancy−$244,349
TX MB gross tax (6.7%)−$82,684
Utilities / ins / mktg (12%)−$148,090
Card surcharge net+$13,575
Net profit $130,813
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 Fleming's Beverages LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $276,435/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 (~$276,435 net) estimated

Revenue multiple
$617k–$987k
0.5–0.8× gross
SDE multiple
$691k–$968k
2.5–3.5× earnings
Cap rate
$838k–$1.11M
25–33%
Suggested range
$691k–$968k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $3,085,212–$4,936,340/yr in total revenue (your liquor portion of $1,234,085 is roughly 25–40% 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).

Estimated total revenue
$3,085k–$4,936k
food + liquor + service
Estimated net (10–15%)
$309k–$740k
restaurant margin
Full-business value
$848k–$2,715k
blended rev × SDE

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.

Federal court history

Public records · last checked 2026-05-25

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