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Financials

MB717355
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Peckerheads

402 E 6TH ST, Austin, TX 78701 · TABC MB717355

Mixed Beverage Austin Market Enriched 2026-07-09
$506,798 Annual gross (L12M) ▲ 28.8% latest MoM Click for monthly detail
$42,233 Avg monthly ▲ 30.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $113,523/yr est. net Click for cost model
$284k–$397k 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): $506,798 – $563,109/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

Peckerheads is a mixed-beverage licensed establishment at 402 E 6TH ST, Austin, Texas (TABC MB717355). Over the most recent 12 months it reported $506,798 in gross alcohol sales, averaging $42,233/month with a best month of $55,093. Sales mix: ~82% liquor · 18% beer · 0% wine. The building at this address is owned by 402 EAST SIXTH VENTURE INC (2,663 sqft, $1,710,280 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $113,523 (~22% margin). Acquisition value is estimated at $284k–$397k 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
$506,798
Avg monthly
$42,233
Best month
$55,093
May 2026
Sales mix
82% Liq
18% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194543
Property owner (landlord)402 EAST SIXTH VENTURE INC
Total building SF2,663
Assessed value$1,710,280

Peckerheads's share

Est. base rent ~$18/sqft/yr · 3,500 sqft · Class A $5,298/mo
NNN CAM / insurance$795/mo
NNN property tax$1,425/mo
Personal property tax est — no BPP record $84/mo
Total occupancy $7,602/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 $506,798 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$506,798
COGS (24%)−$121,632
Labor (14%)−$70,952
Occupancy−$82,101
TX MB gross tax (6.7%)−$33,955
Utilities / ins / mktg (8%)−$40,544
Card surcharge net+$5,575
Net profit $163,189
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$506,798
COGS (27%)−$136,835
Labor (17%)−$86,156
Occupancy−$91,224
TX MB gross tax (6.7%)−$33,955
Utilities / ins / mktg (10%)−$50,680
Card surcharge net+$5,575
Net profit $113,523
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$506,798
COGS (30%)−$152,039
Labor (22%)−$111,496
Occupancy−$100,346
TX MB gross tax (6.7%)−$33,955
Utilities / ins / mktg (12%)−$60,816
Card surcharge net+$5,575
Net profit $53,721
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 402 Second Floor INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $113,523/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 (~$113,523 net) estimated

Revenue multiple
$253k–$405k
0.5–0.8× gross
SDE multiple
$284k–$397k
2.5–3.5× earnings
Cap rate
$344k–$454k
25–33%
Suggested range
$284k–$397k
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 2026-06-18

Lookup pending — check back tomorrow

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