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Financials

MB946172
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Grizzelda's Restaurant

105 TILLERY ST, Austin, TX 78702 · TABC MB946172

Mixed Beverage Austin Market Enriched 2026-07-09
$233,416 Annual gross (L12M) Click for monthly detail
$33,345 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $52,285/yr est. net Click for cost model
$131k–$183k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $518,702 – $933,664/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

Grizzelda's Restaurant is a mixed-beverage licensed establishment at 105 TILLERY ST, Austin, Texas (TABC MB946172). Over the most recent 12 months it reported $233,416 in gross alcohol sales, averaging $33,345/month with a best month of $43,671. Sales mix: ~71% liquor · 5% beer · 24% wine. The building at this address is owned by TILLERY 105 LLC (5,000 sqft, $688,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $52,285 (~22% margin). Acquisition value is estimated at $131k–$183k 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
$233,416
Avg monthly
$33,345
Best month
$43,671
Aug 2025
Sales mix
71% Liq
5% Beer · 24% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID187695
Property owner (landlord)TILLERY 105 LLC
Total building SF5,000
Assessed value$688,000

Grizzelda's Restaurant's share

Est. base rent ~$12/sqft/yr · 2,500 sqft · Class B $2,474/mo
NNN CAM / insurance$371/mo
NNN property tax$573/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $3,501/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 $233,416 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$233,416
COGS (24%)−$56,020
Labor (14%)−$32,678
Occupancy−$37,813
TX MB gross tax (6.7%)−$15,639
Utilities / ins / mktg (8%)−$18,673
Card surcharge net+$2,568
Net profit $75,160
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$233,416
COGS (27%)−$63,022
Labor (17%)−$39,681
Occupancy−$42,015
TX MB gross tax (6.7%)−$15,639
Utilities / ins / mktg (10%)−$23,342
Card surcharge net+$2,568
Net profit $52,285
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$233,416
COGS (30%)−$70,025
Labor (22%)−$51,352
Occupancy−$46,216
TX MB gross tax (6.7%)−$15,639
Utilities / ins / mktg (12%)−$28,010
Card surcharge net+$2,568
Net profit $24,742
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 Jrg Hospitality LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $52,285/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 (~$52,285 net) estimated

Revenue multiple
$117k–$187k
0.5–0.8× gross
SDE multiple
$131k–$183k
2.5–3.5× earnings
Cap rate
$158k–$209k
25–33%
Suggested range
$131k–$183k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $518,702–$933,664/yr in total revenue (your liquor portion of $233,416 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$519k–$934k
food + liquor + service
Estimated net (10–15%)
$52k–$140k
restaurant margin
Full-business value
$143k–$514k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-06-28

No federal lawsuits — past or pending