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Financials

MB936914
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Green Light Social

720 W 6TH ST, Austin, TX 78701 · TABC MB936914

Mixed Beverage Austin Market Enriched 2026-05-24
$2,578,094 Annual gross (L12M) ▲ 41.2% latest MoM Click for monthly detail
$214,841 Avg monthly ▼ 24.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $577,493/yr est. net Click for cost model
$1,444k–$2,021k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $2,713,783 – $3,033,052/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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Green Light Social is a mixed-beverage licensed establishment at 720 W 6TH ST, Austin, Texas (TABC MB936914). Over the most recent 12 months it reported $2,578,094 in gross alcohol sales, averaging $214,841/month with a best month of $303,074. Sales mix: ~89% liquor · 10% beer · 1% wine. The building at this address is owned by 506 WEST AVENUE LP (2,500 sqft, $1,666,110 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $577,493 (~22% margin). Acquisition value is estimated at $1,444k–$2,021k 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
$2,578,094
Avg monthly
$214,841
Best month
$303,074
May 2025
Sales mix
89% Liq
10% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID105391
Property owner (landlord)506 WEST AVENUE LP
Total building SF2,500
Assessed value$1,666,110

Green Light Social's share

Est. base rent ~$51/sqft/yr · 7,500 sqft · Class A $32,058/mo
NNN CAM / insurance$4,809/mo
NNN property tax$1,388/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $38,671/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 $2,578,094 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,578,094
COGS (24%)−$618,743
Labor (14%)−$360,933
Occupancy−$417,651
TX MB gross tax (6.7%)−$172,732
Utilities / ins / mktg (8%)−$206,248
Card surcharge net+$28,359
Net profit $830,146
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,578,094
COGS (27%)−$696,085
Labor (17%)−$438,276
Occupancy−$464,057
TX MB gross tax (6.7%)−$172,732
Utilities / ins / mktg (10%)−$257,809
Card surcharge net+$28,359
Net profit $577,493
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,578,094
COGS (30%)−$773,428
Labor (22%)−$567,181
Occupancy−$510,463
TX MB gross tax (6.7%)−$172,732
Utilities / ins / mktg (12%)−$309,371
Card surcharge net+$28,359
Net profit $273,278
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 Redrum Bar LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $577,493/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 (~$577,493 net) estimated

Revenue multiple
$1.29M–$2.06M
0.5–0.8× gross
SDE multiple
$1.44M–$2.02M
2.5–3.5× earnings
Cap rate
$1.75M–$2.31M
25–33%
Suggested range
$1,444k–$2,021k
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 2026-05-28

Lookup pending — check back tomorrow

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