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Financials

MB711283
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Better Days

714 RED RIVER ST, Austin, TX 78701 · TABC MB711283

Mixed Beverage Austin Market Enriched 2026-09-08
$265,063 Annual gross (L12M) ▲ 8.4% latest MoM Click for monthly detail
$22,089 Avg monthly ▼ 9.3% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $59,374/yr est. net Click for cost model
$148k–$208k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $265,063 – $294,514/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

Better Days is a mixed-beverage licensed establishment at 714 RED RIVER ST, Austin, Texas (TABC MB711283). Over the most recent 12 months it reported $265,063 in gross alcohol sales, averaging $22,089/month with a best month of $30,142. Sales mix: ~63% liquor · 37% beer · 0% wine. The building at this address is owned by RMM FAMILY PARTNERSHIP (2,500 sqft, $630,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $59,374 (~22% margin). Acquisition value is estimated at $148k–$208k 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
$265,063
Avg monthly
$22,089
Best month
$30,142
Oct 2025
Sales mix
63% Liq
37% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194596
Property owner (landlord)RMM FAMILY PARTNERSHIP
Total building SF2,500
Assessed value$630,000

Better Days's share

Est. base rent ~$14/sqft/yr · 2,500 sqft · Class A $2,928/mo
NNN CAM / insurance$439/mo
NNN property tax$525/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $3,976/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 $265,063 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$265,063
COGS (24%)−$63,615
Labor (14%)−$37,109
Occupancy−$42,940
TX MB gross tax (6.7%)−$17,759
Utilities / ins / mktg (8%)−$21,205
Card surcharge net+$2,916
Net profit $85,350
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$265,063
COGS (27%)−$71,567
Labor (17%)−$45,061
Occupancy−$47,711
TX MB gross tax (6.7%)−$17,759
Utilities / ins / mktg (10%)−$26,506
Card surcharge net+$2,916
Net profit $59,374
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$265,063
COGS (30%)−$79,519
Labor (22%)−$58,314
Occupancy−$52,482
TX MB gross tax (6.7%)−$17,759
Utilities / ins / mktg (12%)−$31,808
Card surcharge net+$2,916
Net profit $28,097
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 Magins LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $59,374/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 (~$59,374 net) estimated

Revenue multiple
$133k–$212k
0.5–0.8× gross
SDE multiple
$148k–$208k
2.5–3.5× earnings
Cap rate
$180k–$237k
25–33%
Suggested range
$148k–$208k
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 2026-07-28

No federal lawsuits — past or pending