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Financials

MB770079
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Driftwood Downtown

319 COLORADO ST, Austin, TX 78701 · TABC MB770079

Mixed Beverage Austin Market Enriched 2026-06-19
$834,385 Annual gross (L12M) ▼ 4.0% latest MoM Click for monthly detail
$69,532 Avg monthly ▲ 1.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $186,902/yr est. net Click for cost model
$467k–$654k 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $927,094 – $1,112,513/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

Driftwood Downtown is a mixed-beverage licensed establishment at 319 COLORADO ST, Austin, Texas (TABC MB770079). Over the most recent 12 months it reported $834,385 in gross alcohol sales, averaging $69,532/month with a best month of $90,890. Sales mix: ~75% liquor · 15% beer · 10% wine. The building at this address is owned by COLORADO THIRD STREET LLC (20,828 sqft, $13,588,580 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $186,902 (~22% margin). Acquisition value is estimated at $467k–$654k 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
$834,385
Avg monthly
$69,532
Best month
$90,890
Oct 2025
Sales mix
75% Liq
15% Beer · 10% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID192787
Property owner (landlord)COLORADO THIRD STREET LLC
Total building SF20,828
Assessed value$13,588,580

Driftwood Downtown's share

Est. base rent ~$26/sqft/yr · 3,500 sqft · Class A $7,453/mo
NNN CAM / insurance$1,118/mo
NNN property tax$3,806/mo
Personal property tax est — no BPP record $139/mo
Total occupancy $12,516/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 $834,385 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$834,385
COGS (24%)−$200,252
Labor (14%)−$116,814
Occupancy−$135,170
TX MB gross tax (6.7%)−$55,904
Utilities / ins / mktg (8%)−$66,751
Card surcharge net+$9,178
Net profit $268,672
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$834,385
COGS (27%)−$225,284
Labor (17%)−$141,845
Occupancy−$150,189
TX MB gross tax (6.7%)−$55,904
Utilities / ins / mktg (10%)−$83,438
Card surcharge net+$9,178
Net profit $186,902
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$834,385
COGS (30%)−$250,316
Labor (22%)−$183,565
Occupancy−$165,208
TX MB gross tax (6.7%)−$55,904
Utilities / ins / mktg (12%)−$100,126
Card surcharge net+$9,178
Net profit $88,445
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 Six Colorado Venture LTD looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $186,902/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 (~$186,902 net) estimated

Revenue multiple
$417k–$668k
0.5–0.8× gross
SDE multiple
$467k–$654k
2.5–3.5× earnings
Cap rate
$566k–$748k
25–33%
Suggested range
$467k–$654k
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

1 case on file · public records

1 federal case
Most recent filing
Premium Sports Inc. v. Dinwoodie
TXWD · 2016-02-23 · CLOSED
Public records, last checked 2026-05-22