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Financials

MB792758
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Lucille

77 RAINEY ST, Austin, TX 78701 · TABC MB792758

Mixed Beverage Austin Market Enriched 2026-06-17
$947,212 Annual gross (L12M) ▼ 15.6% latest MoM Click for monthly detail
$78,934 Avg monthly ▲ 23.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $212,175/yr est. net Click for cost model
$530k–$743k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $997,065 – $1,184,015/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

Lucille is a mixed-beverage licensed establishment at 77 RAINEY ST, Austin, Texas (TABC MB792758). Over the most recent 12 months it reported $947,212 in gross alcohol sales, averaging $78,934/month with a best month of $119,190. Sales mix: ~78% liquor · 20% beer · 3% wine. The building at this address is owned by RAINEY HOUSE LLC (2,500 sqft, $2,733,214 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $212,175 (~22% margin). Acquisition value is estimated at $530k–$743k 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
$947,212
Avg monthly
$78,934
Best month
$119,190
May 2025
Sales mix
78% Liq
20% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID190888
Property owner (landlord)RAINEY HOUSE LLC
Total building SF2,500
Assessed value$2,733,214

Lucille's share

Est. base rent ~$35/sqft/yr · 3,500 sqft · Class A $10,237/mo
NNN CAM / insurance$1,536/mo
NNN property tax$2,278/mo
Personal property tax est — no BPP record $158/mo
Total occupancy $14,208/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 $947,212 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$947,212
COGS (24%)−$227,331
Labor (14%)−$132,610
Occupancy−$153,448
TX MB gross tax (6.7%)−$63,463
Utilities / ins / mktg (8%)−$75,777
Card surcharge net+$10,419
Net profit $305,002
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$947,212
COGS (27%)−$255,747
Labor (17%)−$161,026
Occupancy−$170,498
TX MB gross tax (6.7%)−$63,463
Utilities / ins / mktg (10%)−$94,721
Card surcharge net+$10,419
Net profit $212,175
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$947,212
COGS (30%)−$284,164
Labor (22%)−$208,387
Occupancy−$187,548
TX MB gross tax (6.7%)−$63,463
Utilities / ins / mktg (12%)−$113,665
Card surcharge net+$10,419
Net profit $100,404
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 3Doost INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $212,175/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 (~$212,175 net) estimated

Revenue multiple
$474k–$758k
0.5–0.8× gross
SDE multiple
$530k–$743k
2.5–3.5× earnings
Cap rate
$643k–$849k
25–33%
Suggested range
$530k–$743k
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 2026-06-06

Lookup pending — check back tomorrow

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