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MB766295
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The Iron Bear

301 W 6TH ST, Austin, TX 78701 · TABC MB766295

Mixed Beverage Austin Market Enriched 2026-06-17
$935,882 Annual gross (L12M) ▼ 7.3% latest MoM Click for monthly detail
$77,990 Avg monthly ▼ 9.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $209,638/yr est. net Click for cost model
$524k–$734k 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): $935,882 – $1,039,869/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

The Iron Bear is a mixed-beverage licensed establishment at 301 W 6TH ST, Austin, Texas (TABC MB766295). Over the most recent 12 months it reported $935,882 in gross alcohol sales, averaging $77,990/month with a best month of $95,590. Sales mix: ~60% liquor · 40% beer · 0% wine. The building at this address is owned by SIXTH & LAVACA 2018 LP (2,500 sqft, $3,915,923 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $209,638 (~22% margin). Acquisition value is estimated at $524k–$734k 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
$935,882
Avg monthly
$77,990
Best month
$95,590
Jun 2025
Sales mix
60% Liq
40% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194292
Property owner (landlord)SIXTH & LAVACA 2018 LP
Total building SF2,500
Assessed value$3,915,923

The Iron Bear's share

Est. base rent ~$32/sqft/yr · 3,500 sqft · Class A $9,234/mo
NNN CAM / insurance$1,385/mo
NNN property tax$3,263/mo
Personal property tax est — no BPP record $156/mo
Total occupancy $14,038/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 $935,882 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$935,882
COGS (24%)−$224,612
Labor (14%)−$131,023
Occupancy−$151,613
TX MB gross tax (6.7%)−$62,704
Utilities / ins / mktg (8%)−$74,871
Card surcharge net+$10,295
Net profit $301,354
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$935,882
COGS (27%)−$252,688
Labor (17%)−$159,100
Occupancy−$168,459
TX MB gross tax (6.7%)−$62,704
Utilities / ins / mktg (10%)−$93,588
Card surcharge net+$10,295
Net profit $209,638
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$935,882
COGS (30%)−$280,765
Labor (22%)−$205,894
Occupancy−$185,305
TX MB gross tax (6.7%)−$62,704
Utilities / ins / mktg (12%)−$112,306
Card surcharge net+$10,295
Net profit $99,203
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 Two Bears Entertainment LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $209,638/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 (~$209,638 net) estimated

Revenue multiple
$468k–$749k
0.5–0.8× gross
SDE multiple
$524k–$734k
2.5–3.5× earnings
Cap rate
$635k–$839k
25–33%
Suggested range
$524k–$734k
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 2026-06-29

Lookup pending — check back tomorrow

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