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MB200046120
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Fogo De Chao

200 CONGRESS AVE UNIT 2A, Austin, TX 78701 · TABC MB200046120

Mixed Beverage Austin Market Enriched 2026-06-15
$1,013,829 Annual gross (L12M) ▼ 9.5% latest MoM Click for monthly detail
$84,486 Avg monthly ▼ 12.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $227,098/yr est. net Click for cost model
$568k–$795k 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 Dive Bar, liquor is typically only 85–98% of total business revenue. Almost entirely liquor. Estimated total revenue (rough): $1,034,519 – $1,192,740/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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Fogo De Chao is a mixed-beverage licensed establishment at 200 CONGRESS AVE UNIT 2A, Austin, Texas (TABC MB200046120). Over the most recent 12 months it reported $1,013,829 in gross alcohol sales, averaging $84,486/month with a best month of $136,382. Sales mix: ~66% liquor · 6% beer · 28% wine. The building at this address is owned by RIVIAN LONE STAR HOLDINGS LLC (12,228 sqft, $7,038,367 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $227,098 (~22% margin). Acquisition value is estimated at $568k–$795k 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
$1,013,829
Avg monthly
$84,486
Best month
$136,382
Dec 2025
Sales mix
66% Liq
6% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID190724
Property owner (landlord)RIVIAN LONE STAR HOLDINGS LLC
Total building SF whole parcel — Fogo De Chao is in UNIT 2A12,228
Fogo De Chao's footprint estimated — suite-level not on file 5,000 sf
Assessed value$7,038,367

Fogo De Chao's share

Est. base rent ~$21/sqft/yr · 5,000 sqft · Class A $8,906/mo
NNN CAM / insurance$1,336/mo
NNN property tax$4,797/mo
Personal property tax est — no BPP record $169/mo
Total occupancy $15,207/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 $1,013,829 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,013,829
COGS (24%)−$243,319
Labor (14%)−$141,936
Occupancy−$164,240
TX MB gross tax (6.7%)−$67,927
Utilities / ins / mktg (8%)−$81,106
Card surcharge net+$11,152
Net profit $326,453
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,013,829
COGS (27%)−$273,734
Labor (17%)−$172,351
Occupancy−$182,489
TX MB gross tax (6.7%)−$67,927
Utilities / ins / mktg (10%)−$101,383
Card surcharge net+$11,152
Net profit $227,098
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,013,829
COGS (30%)−$304,149
Labor (22%)−$223,042
Occupancy−$200,738
TX MB gross tax (6.7%)−$67,927
Utilities / ins / mktg (12%)−$121,659
Card surcharge net+$11,152
Net profit $107,466
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 Fogo De Chao Churrascaria (Austin Congress) LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $227,098/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 (~$227,098 net) estimated

Revenue multiple
$507k–$811k
0.5–0.8× gross
SDE multiple
$568k–$795k
2.5–3.5× earnings
Cap rate
$688k–$908k
25–33%
Suggested range
$568k–$795k
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 2026-06-23

Lookup pending — check back tomorrow

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