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Financials

MB764108
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24 Diner

600 N LAMAR BLVD STE G, Austin, TX 78703 · TABC MB764108

Mixed Beverage Austin Market Enriched 2026-07-12
$217,293 Annual gross (L12M) ▲ 0.7% latest MoM Click for monthly detail
$18,108 Avg monthly ▲ 3.7% latest vs avg Click for monthly detail
~-351% Est. net margin (likely) $-761,906/yr est. net Click for cost model
$109k–$-2,667k Est. acquisition range -5.89× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $482,873 – $869,172/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

24 Diner is a mixed-beverage licensed establishment at 600 N LAMAR BLVD STE G, Austin, Texas (TABC MB764108). Over the most recent 12 months it reported $217,293 in gross alcohol sales, averaging $18,108/month with a best month of $20,598. Sales mix: ~53% liquor · 17% beer · 30% wine. The building at this address is owned by BROADCAST FINANCIAL SERVICES INC (16,635 sqft, $31,200,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-761,906 (~-351% margin). Acquisition value is estimated at $109k–$-2,667k 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
$217,293
Avg monthly
$18,108
Best month
$20,598
Oct 2025
Sales mix
53% Liq
17% Beer · 30% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID105301
Property owner (landlord)BROADCAST FINANCIAL SERVICES INC
Total building SF whole parcel — 24 Diner is in STE G16,635
24 Diner's footprint estimated — suite-level not on file 2,500 sf
Assessed value$31,200,000

24 Diner's share

Est. base rent ~$263/sqft/yr · 2,500 sqft · Class A $54,704/mo
NNN CAM / insurance$8,206/mo
NNN property tax$7,815/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $70,808/mo

Occupancy analysis

All-in occupancy cost is 391.0% 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 $217,293 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-304%
Revenue$217,293
COGS (24%)−$52,150
Labor (14%)−$30,421
Occupancy−$764,723
TX MB gross tax (6.7%)−$14,559
Utilities / ins / mktg (8%)−$17,383
Card surcharge net+$2,390
Net profit $-659,553
Most Likely
Typical bar, light food program, full two-shift staffing
~-351%
Revenue$217,293
COGS (27%)−$58,669
Labor (17%)−$36,940
Occupancy−$849,693
TX MB gross tax (6.7%)−$14,559
Utilities / ins / mktg (10%)−$21,729
Card surcharge net+$2,390
Net profit $-761,906
Stressed
Heavy food, larger crew, higher rent
~-400%
Revenue$217,293
COGS (30%)−$65,188
Labor (22%)−$47,804
Occupancy−$934,662
TX MB gross tax (6.7%)−$14,559
Utilities / ins / mktg (12%)−$26,075
Card surcharge net+$2,390
Net profit $-868,605
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 6Th & Lamar INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-761,906/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 (~$-761,906 net) estimated

Revenue multiple
$109k–$174k
0.5–0.8× gross
SDE multiple
$-1,905k–$-2,667k
2.5–3.5× earnings
Cap rate
$-2,309k–$-3,048k
25–33%
Suggested range
$109k–$-2,667k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $482,873–$869,172/yr in total revenue (your liquor portion of $217,293 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).

Estimated total revenue
$483k–$869k
food + liquor + service
Estimated net (10–15%)
$48k–$130k
restaurant margin
Full-business value
$133k–$478k
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.