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MB956346
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Culinary Dropout

11721 ROCK ROSE AVE STE Y4.100, Austin, TX 78758 · TABC MB956346

Mixed Beverage Austin Market Enriched 2026-05-24
$3,849,399 Annual gross (L12M) ▲ 18.2% latest MoM Click for monthly detail
$320,783 Avg monthly ▲ 16.3% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $1,160,045/yr est. net Click for cost model
$2,900k–$3,849k Est. acquisition range 0.88× 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): $8,554,220 – $15,397,596/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

Culinary Dropout is a mixed-beverage licensed establishment at 11721 ROCK ROSE AVE STE Y4.100, Austin, Texas (TABC MB956346). Over the most recent 12 months it reported $3,849,399 in gross alcohol sales, averaging $320,783/month with a best month of $375,304. Sales mix: ~66% liquor · 20% beer · 15% wine. The building at this address is owned by DOMAIN RETAIL PROPERTY OWNER LP (161,665 sqft, $46,458,609 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,160,045 (~30% margin). Acquisition value is estimated at $2,900k–$3,849k 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
$3,849,399
Avg monthly
$320,783
Best month
$375,304
Oct 2025
Sales mix
66% Liq
20% Beer · 15% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID845135
Property owner (landlord)DOMAIN RETAIL PROPERTY OWNER LP
Total building SF whole parcel — Culinary Dropout is in STE Y4161,665
Culinary Dropout's footprint estimated — suite-level not on file 7,500 sf
Assessed value$46,458,609

Culinary Dropout's share

Est. base rent ~$40/sqft/yr · 7,500 sqft · Class A $25,145/mo
NNN CAM / insurance$3,772/mo
NNN property tax$3,592/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $32,926/mo

Occupancy analysis

All-in occupancy cost is 10.3% 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 $3,849,399 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$3,849,399
COGS (24%)−$923,856
Labor (14%)−$538,916
Occupancy−$355,601
TX MB gross tax (6.7%)−$257,910
Utilities / ins / mktg (8%)−$307,952
Card surcharge net+$42,343
Net profit $1,507,508
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$3,849,399
COGS (27%)−$1,039,338
Labor (17%)−$654,398
Occupancy−$395,113
TX MB gross tax (6.7%)−$257,910
Utilities / ins / mktg (10%)−$384,940
Card surcharge net+$42,343
Net profit $1,160,045
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$3,849,399
COGS (30%)−$1,154,820
Labor (22%)−$846,868
Occupancy−$434,624
TX MB gross tax (6.7%)−$257,910
Utilities / ins / mktg (12%)−$461,928
Card surcharge net+$42,343
Net profit $735,593
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 Frc Cdo Domain LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,160,045/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 (~$1,160,045 net) estimated

Revenue multiple
$1.92M–$3.08M
0.5–0.8× gross
SDE multiple
$2.90M–$4.06M
2.5–3.5× earnings
Cap rate
$3.52M–$4.64M
25–33%
Suggested range
$2,900k–$3,849k
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 $8,554,220–$15,397,596/yr in total revenue (your liquor portion of $3,849,399 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
$8,554k–$15,398k
food + liquor + service
Estimated net (10–15%)
$855k–$2,310k
restaurant margin
Full-business value
$2,352k–$8,469k
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 2026-05-23

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