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Financials

MB887849
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Buford's

700 W 6TH ST, Austin, TX 78701 · TABC MB887849

Mixed Beverage Austin Market Enriched 2026-05-24
$4,222,722 Annual gross (L12M) ▲ 36.6% latest MoM Click for monthly detail
$351,894 Avg monthly ▼ 64.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $945,890/yr est. net Click for cost model
$2,365k–$3,311k 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): $4,222,722 – $4,691,913/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

Buford's is a mixed-beverage licensed establishment at 700 W 6TH ST, Austin, Texas (TABC MB887849). Over the most recent 12 months it reported $4,222,722 in gross alcohol sales, averaging $351,894/month with a best month of $554,731. Sales mix: ~76% liquor · 24% beer · 0% wine. The building at this address is owned by OLD PECAN ST ENTERPRISES INC (2,500 sqft, $2,693,200 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $945,890 (~22% margin). Acquisition value is estimated at $2,365k–$3,311k 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
$4,222,722
Avg monthly
$351,894
Best month
$554,731
May 2025
Sales mix
76% Liq
24% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID105357
Property owner (landlord)OLD PECAN ST ENTERPRISES INC
Total building SF2,500
Assessed value$2,693,200

Buford's's share

Est. base rent ~$84/sqft/yr · 7,500 sqft · Class A $52,765/mo
NNN CAM / insurance$7,915/mo
NNN property tax$2,244/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $63,341/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 $4,222,722 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$4,222,722
COGS (24%)−$1,013,453
Labor (14%)−$591,181
Occupancy−$684,081
TX MB gross tax (6.7%)−$282,922
Utilities / ins / mktg (8%)−$337,818
Card surcharge net+$46,450
Net profit $1,359,716
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$4,222,722
COGS (27%)−$1,140,135
Labor (17%)−$717,863
Occupancy−$760,090
TX MB gross tax (6.7%)−$282,922
Utilities / ins / mktg (10%)−$422,272
Card surcharge net+$46,450
Net profit $945,890
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$4,222,722
COGS (30%)−$1,266,817
Labor (22%)−$928,999
Occupancy−$836,099
TX MB gross tax (6.7%)−$282,922
Utilities / ins / mktg (12%)−$506,727
Card surcharge net+$46,450
Net profit $447,609
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 Steampunk LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $945,890/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 (~$945,890 net) estimated

Revenue multiple
$2.11M–$3.38M
0.5–0.8× gross
SDE multiple
$2.36M–$3.31M
2.5–3.5× earnings
Cap rate
$2.87M–$3.78M
25–33%
Suggested range
$2,365k–$3,311k
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
As defendant in 1 case
Most recent filing
W Chappell Music Corp. v. Steampunk, LLC
TXWD · 2023-06-06 · CLOSED
Public records, last checked 2026-05-26