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Financials

MB878173
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Grey Rock Golf Club

7401 STATE HIGHWAY 45, Austin, TX 78739 · TABC MB878173

Mixed Beverage Austin Market Enriched 2026-07-10
$681,487 Annual gross (L12M) ▲ 38.7% latest MoM Click for monthly detail
$56,791 Avg monthly ▲ 44.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $152,653/yr est. net Click for cost model
$382k–$534k 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 Private Club, liquor is typically only 40–65% of total business revenue. Mixed — depends on dining vs bar focus. Estimated total revenue (rough): $1,048,442 – $1,703,718/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Grey Rock Golf Club is a mixed-beverage licensed establishment at 7401 STATE HIGHWAY 45, Austin, Texas (TABC MB878173). Over the most recent 12 months it reported $681,487 in gross alcohol sales, averaging $56,791/month with a best month of $81,992. Sales mix: ~56% liquor · 40% beer · 4% wine. The building at this address is owned by CITY OF AUSTIN (7,905 sqft, $4,059,315 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $152,653 (~22% margin). Acquisition value is estimated at $382k–$534k 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
$681,487
Avg monthly
$56,791
Best month
$81,992
May 2026
Sales mix
56% Liq
40% Beer · 4% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID382297
Property owner (landlord)CITY OF AUSTIN
Total building SF7,905
Assessed value$4,059,315

Grey Rock Golf Club's share

Est. base rent ~$21/sqft/yr · 3,500 sqft · Class A $6,185/mo
NNN CAM / insurance$928/mo
NNN property tax$2,995/mo
Personal property tax est — no BPP record $114/mo
Total occupancy $10,222/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 $681,487 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$681,487
COGS (24%)−$163,557
Labor (14%)−$95,408
Occupancy−$110,401
TX MB gross tax (6.7%)−$45,660
Utilities / ins / mktg (8%)−$54,519
Card surcharge net+$7,496
Net profit $219,439
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$681,487
COGS (27%)−$184,001
Labor (17%)−$115,853
Occupancy−$122,668
TX MB gross tax (6.7%)−$45,660
Utilities / ins / mktg (10%)−$68,149
Card surcharge net+$7,496
Net profit $152,653
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$681,487
COGS (30%)−$204,446
Labor (22%)−$149,927
Occupancy−$134,934
TX MB gross tax (6.7%)−$45,660
Utilities / ins / mktg (12%)−$81,778
Card surcharge net+$7,496
Net profit $72,238
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 Highland Hospitality LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $152,653/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 (~$152,653 net) estimated

Revenue multiple
$341k–$545k
0.5–0.8× gross
SDE multiple
$382k–$534k
2.5–3.5× earnings
Cap rate
$463k–$611k
25–33%
Suggested range
$382k–$534k
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 2026-07-08

Lookup pending — check back tomorrow

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