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Financials

MB986045
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Here Nor There

612 BRAZOS ST STE 100, Austin, TX 78701 · TABC MB986045

Mixed Beverage Austin Market Enriched 2026-05-19
$1,607,804 Annual gross (L12M) ▲ 10.7% latest MoM Click for monthly detail
$133,984 Avg monthly ▲ 1.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $360,148/yr est. net Click for cost model
$900k–$1,261k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $1,692,425 – $2,009,755/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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Here Nor There is a mixed-beverage licensed establishment at 612 BRAZOS ST STE 100, Austin, Texas (TABC MB986045). Over the most recent 12 months it reported $1,607,804 in gross alcohol sales, averaging $133,984/month with a best month of $153,131. Sales mix: ~98% liquor · 0% beer · 2% wine. The building at this address is owned by P & W VENTURES LLC (5,079 sqft, $2,872,620 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $360,148 (~22% margin). Acquisition value is estimated at $900k–$1,261k 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
$1,607,804
Avg monthly
$133,984
Best month
$153,131
Dec 2025
Sales mix
98% Liq
0% Beer · 2% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194412
Property owner (landlord)P & W VENTURES LLC
Total building SF whole parcel — Here Nor There is in STE 1005,079
Here Nor There's footprint estimated — suite-level not on file 5,000 sf
Assessed value$2,872,620

Here Nor There's share

Est. base rent ~$45/sqft/yr · 5,000 sqft · Class A $18,657/mo
NNN CAM / insurance$2,799/mo
NNN property tax$2,394/mo
Personal property tax est — no BPP record $268/mo
Total occupancy $24,117/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 $1,607,804 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$1,607,804
COGS (24%)−$385,873
Labor (14%)−$225,093
Occupancy−$260,464
TX MB gross tax (6.7%)−$107,723
Utilities / ins / mktg (8%)−$128,624
Card surcharge net+$17,686
Net profit $517,713
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$1,607,804
COGS (27%)−$434,107
Labor (17%)−$273,327
Occupancy−$289,405
TX MB gross tax (6.7%)−$107,723
Utilities / ins / mktg (10%)−$160,780
Card surcharge net+$17,686
Net profit $360,148
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$1,607,804
COGS (30%)−$482,341
Labor (22%)−$353,717
Occupancy−$318,345
TX MB gross tax (6.7%)−$107,723
Utilities / ins / mktg (12%)−$192,936
Card surcharge net+$17,686
Net profit $170,427
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 Blind Spot LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $360,148/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 (~$360,148 net) estimated

Revenue multiple
$804k–$1.29M
0.5–0.8× gross
SDE multiple
$900k–$1.26M
2.5–3.5× earnings
Cap rate
$1.09M–$1.44M
25–33%
Suggested range
$900k–$1,261k
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 2026-06-03

Lookup pending — check back tomorrow

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