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Financials

MB438997
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Darwin's Pub

223 E 6TH ST, Austin, TX 78701 · TABC MB438997

Mixed Beverage Austin Market Enriched 2026-07-09
$547,950 Annual gross (L12M) ▼ 16.5% latest MoM Click for monthly detail
$45,662 Avg monthly ▼ 1.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $122,741/yr est. net Click for cost model
$307k–$430k 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 Pub, liquor is typically only 60–80% of total business revenue. Liquor majority with food. Estimated total revenue (rough): $684,938 – $913,250/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

Darwin's Pub is a mixed-beverage licensed establishment at 223 E 6TH ST, Austin, Texas (TABC MB438997). Over the most recent 12 months it reported $547,950 in gross alcohol sales, averaging $45,662/month with a best month of $58,448. Sales mix: ~53% liquor · 46% beer · 1% wine. The building at this address is owned by TOUCHE INC (2,500 sqft, $2,411,052 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $122,741 (~22% margin). Acquisition value is estimated at $307k–$430k 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
$547,950
Avg monthly
$45,662
Best month
$58,448
Oct 2025
Sales mix
53% Liq
46% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194461
Property owner (landlord)TOUCHE INC
Total building SF2,500
Assessed value$2,411,052

Darwin's Pub's share

Est. base rent ~$18/sqft/yr · 3,500 sqft · Class A $5,321/mo
NNN CAM / insurance$798/mo
NNN property tax$2,009/mo
Personal property tax est — no BPP record $91/mo
Total occupancy $8,219/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 $547,950 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$547,950
COGS (24%)−$131,508
Labor (14%)−$76,713
Occupancy−$88,768
TX MB gross tax (6.7%)−$36,713
Utilities / ins / mktg (8%)−$43,836
Card surcharge net+$6,027
Net profit $176,440
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$547,950
COGS (27%)−$147,946
Labor (17%)−$93,152
Occupancy−$98,631
TX MB gross tax (6.7%)−$36,713
Utilities / ins / mktg (10%)−$54,795
Card surcharge net+$6,027
Net profit $122,741
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$547,950
COGS (30%)−$164,385
Labor (22%)−$120,549
Occupancy−$108,494
TX MB gross tax (6.7%)−$36,713
Utilities / ins / mktg (12%)−$65,754
Card surcharge net+$6,027
Net profit $58,083
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 Z-Yng-5 INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $122,741/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 (~$122,741 net) estimated

Revenue multiple
$274k–$438k
0.5–0.8× gross
SDE multiple
$307k–$430k
2.5–3.5× earnings
Cap rate
$372k–$491k
25–33%
Suggested range
$307k–$430k
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

1 case on file · public records

1 federal case
As defendant in 1 case
Most recent filing
Broadcast Music, Inc. v. Z-YNG-5, Inc.
TXWD · 2015-08-28 · CLOSED
Public records, last checked 2026-06-28