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Financials

MB238578
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Cheers Shot Bar

416 E 6TH ST, Austin, TX 78701 · TABC MB238578

Mixed Beverage Austin Market Enriched 2026-08-31
$343,819 Annual gross (L12M) Click for monthly detail
$34,382 Avg monthly ▼ 100.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $77,015/yr est. net Click for cost model
$193k–$270k 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): $343,819 – $382,021/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

Cheers Shot Bar is a mixed-beverage licensed establishment at 416 E 6TH ST, Austin, Texas (TABC MB238578). Over the most recent 12 months it reported $343,819 in gross alcohol sales, averaging $34,382/month with a best month of $54,490. Sales mix: ~79% liquor · 21% beer · 0% wine. The building at this address is owned by CARLIN JOE (2,500 sqft, $1,113,871 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $77,015 (~22% margin). Acquisition value is estimated at $193k–$270k 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
$343,819
Avg monthly
$34,382
Best month
$54,490
Apr 2026
Sales mix
79% Liq
21% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194536
Property owner (landlord)CARLIN JOE
Total building SF2,500
Assessed value$1,113,871

Cheers Shot Bar's share

Est. base rent ~$17/sqft/yr · 2,500 sqft · Class A $3,605/mo
NNN CAM / insurance$541/mo
NNN property tax$928/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $5,157/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 $343,819 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$343,819
COGS (24%)−$82,517
Labor (14%)−$48,135
Occupancy−$55,699
TX MB gross tax (6.7%)−$23,036
Utilities / ins / mktg (8%)−$27,506
Card surcharge net+$3,782
Net profit $110,710
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$343,819
COGS (27%)−$92,831
Labor (17%)−$58,449
Occupancy−$61,887
TX MB gross tax (6.7%)−$23,036
Utilities / ins / mktg (10%)−$34,382
Card surcharge net+$3,782
Net profit $77,015
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$343,819
COGS (30%)−$103,146
Labor (22%)−$75,640
Occupancy−$68,076
TX MB gross tax (6.7%)−$23,036
Utilities / ins / mktg (12%)−$41,258
Card surcharge net+$3,782
Net profit $36,445
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 Cyroos INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $77,015/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 (~$77,015 net) estimated

Revenue multiple
$172k–$275k
0.5–0.8× gross
SDE multiple
$193k–$270k
2.5–3.5× earnings
Cap rate
$233k–$308k
25–33%
Suggested range
$193k–$270k
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 2026-09-11

No federal lawsuits — past or pending