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MB1128757
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Alamo Drafthouse Cinemas

1120 S LAMAR BLVD, Austin, TX 78704 · TABC MB1128757

Mixed Beverage Austin Market Enriched 2026-05-24
$2,621,872 Annual gross (L12M) ▲ 9.0% latest MoM Click for monthly detail
$218,489 Avg monthly ▼ 5.6% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $695,573/yr est. net Click for cost model
$1,739k–$2,435k Est. acquisition range 0.80× 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 Theater, liquor is typically only 20–40% of total business revenue. Concessions liquor. Estimated total revenue (rough): $6,554,680 – $13,109,360/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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Alamo Drafthouse Cinemas is a mixed-beverage licensed establishment at 1120 S LAMAR BLVD, Austin, Texas (TABC MB1128757). Over the most recent 12 months it reported $2,621,872 in gross alcohol sales, averaging $218,489/month with a best month of $282,544. Sales mix: ~52% liquor · 34% beer · 14% wine. The building at this address is owned by GSGB L P (7,339 sqft, $2,055,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $695,573 (~27% margin). Acquisition value is estimated at $1,739k–$2,435k 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
$2,621,872
Avg monthly
$218,489
Best month
$282,544
Jul 2025
Sales mix
52% Liq
34% Beer · 14% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID100020
Property owner (landlord)GSGB L P
Total building SF7,339
Assessed value$2,055,000

Alamo Drafthouse Cinemas's share

Est. base rent ~$39/sqft/yr · 7,500 sqft · Class A $24,501/mo
NNN CAM / insurance$3,675/mo
NNN property tax$1,712/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $30,305/mo

Occupancy analysis

All-in occupancy cost is 13.9% 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 $2,621,872 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~36%
Revenue$2,621,872
COGS (24%)−$629,249
Labor (14%)−$367,062
Occupancy−$327,297
TX MB gross tax (6.7%)−$175,665
Utilities / ins / mktg (8%)−$209,750
Card surcharge net+$28,841
Net profit $941,689
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$2,621,872
COGS (27%)−$707,905
Labor (17%)−$445,718
Occupancy−$363,663
TX MB gross tax (6.7%)−$175,665
Utilities / ins / mktg (10%)−$262,187
Card surcharge net+$28,841
Net profit $695,573
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$2,621,872
COGS (30%)−$786,562
Labor (22%)−$576,812
Occupancy−$400,029
TX MB gross tax (6.7%)−$175,665
Utilities / ins / mktg (12%)−$314,625
Card surcharge net+$28,841
Net profit $397,020
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 Alamo South Lamar Buyer LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $695,573/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 (~$695,573 net) estimated

Revenue multiple
$1.31M–$2.10M
0.5–0.8× gross
SDE multiple
$1.74M–$2.43M
2.5–3.5× earnings
Cap rate
$2.11M–$2.78M
25–33%
Suggested range
$1,739k–$2,435k
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 · Theater

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

We estimate this theater pulls $6,554,680–$13,109,360/yr in total revenue (your liquor portion of $2,621,872 is roughly 20–40% 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
$6,555k–$13,109k
food + liquor + service
Estimated net (10–15%)
$655k–$1,966k
restaurant margin
Full-business value
$1,803k–$7,210k
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 2026-05-28

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