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Financials

MB200157056
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Group Therapy

400 LAVACA ST, Austin, TX 78701 · TABC MB200157056

Mixed Beverage Austin Market Enriched 2026-05-24
$2,446,321 Annual gross (L12M) ▲ 12.1% latest MoM Click for monthly detail
$203,860 Avg monthly ▲ 9.8% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $621,304/yr est. net Click for cost model
$1,553k–$2,175k Est. acquisition range 0.76× 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): $2,446,321 – $2,718,134/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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Group Therapy is a mixed-beverage licensed establishment at 400 LAVACA ST, Austin, Texas (TABC MB200157056). Over the most recent 12 months it reported $2,446,321 in gross alcohol sales, averaging $203,860/month with a best month of $295,923. Sales mix: ~71% liquor · 8% beer · 21% wine. The building at this address is owned by 4TH AND LAVACA SERIES (8,571 sqft, $2,400,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $621,304 (~25% margin). Acquisition value is estimated at $1,553k–$2,175k 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
$2,446,321
Avg monthly
$203,860
Best month
$295,923
Dec 2025
Sales mix
71% Liq
8% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194325
Property owner (landlord)4TH AND LAVACA SERIES
Total building SF8,571
Assessed value$2,400,000

Group Therapy'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$2,000/mo
Personal property tax est — no BPP record $408/mo
Total occupancy $30,584/mo

Occupancy analysis

All-in occupancy cost is 15.0% 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 $2,446,321 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$2,446,321
COGS (24%)−$587,117
Labor (14%)−$342,485
Occupancy−$330,309
TX MB gross tax (6.7%)−$163,904
Utilities / ins / mktg (8%)−$195,706
Card surcharge net+$26,910
Net profit $853,711
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$2,446,321
COGS (27%)−$660,507
Labor (17%)−$415,875
Occupancy−$367,010
TX MB gross tax (6.7%)−$163,904
Utilities / ins / mktg (10%)−$244,632
Card surcharge net+$26,910
Net profit $621,304
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$2,446,321
COGS (30%)−$733,896
Labor (22%)−$538,191
Occupancy−$403,711
TX MB gross tax (6.7%)−$163,904
Utilities / ins / mktg (12%)−$293,559
Card surcharge net+$26,910
Net profit $339,971
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 Zaza Austin Bevco LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $621,304/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 (~$621,304 net) estimated

Revenue multiple
$1.22M–$1.96M
0.5–0.8× gross
SDE multiple
$1.55M–$2.17M
2.5–3.5× earnings
Cap rate
$1.88M–$2.49M
25–33%
Suggested range
$1,553k–$2,175k
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 2026-05-29

No federal lawsuits — past or pending