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Financials

MB1066722
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In Plain Sight

612 BRAZOS ST STE C, Austin, TX 78701 · TABC MB1066722

Mixed Beverage Austin Market Enriched 2026-07-10
$316,756 Annual gross (L12M) ▲ 7.0% latest MoM Click for monthly detail
$26,396 Avg monthly ▼ 0.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $70,953/yr est. net Click for cost model
$177k–$248k 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $333,427 – $372,654/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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In Plain Sight is a mixed-beverage licensed establishment at 612 BRAZOS ST STE C, Austin, Texas (TABC MB1066722). Over the most recent 12 months it reported $316,756 in gross alcohol sales, averaging $26,396/month with a best month of $31,411. Sales mix: ~99% liquor · 1% beer · 0% 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 $70,953 (~22% margin). Acquisition value is estimated at $177k–$248k 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
$316,756
Avg monthly
$26,396
Best month
$31,411
Oct 2025
Sales mix
99% Liq
1% Beer · 0% 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 — In Plain Sight is in STE C5,079
In Plain Sight's footprint estimated — suite-level not on file 2,500 sf
Assessed value$2,872,620

In Plain Sight's share

Est. base rent ~$10/sqft/yr · 2,500 sqft · Class A $2,010/mo
NNN CAM / insurance$301/mo
NNN property tax$2,357/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $4,751/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 $316,756 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$316,756
COGS (24%)−$76,021
Labor (14%)−$44,346
Occupancy−$51,314
TX MB gross tax (6.7%)−$21,223
Utilities / ins / mktg (8%)−$25,340
Card surcharge net+$3,484
Net profit $101,995
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$316,756
COGS (27%)−$85,524
Labor (17%)−$53,849
Occupancy−$57,016
TX MB gross tax (6.7%)−$21,223
Utilities / ins / mktg (10%)−$31,676
Card surcharge net+$3,484
Net profit $70,953
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$316,756
COGS (30%)−$95,027
Labor (22%)−$69,686
Occupancy−$62,718
TX MB gross tax (6.7%)−$21,223
Utilities / ins / mktg (12%)−$38,011
Card surcharge net+$3,484
Net profit $33,576
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 $70,953/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 (~$70,953 net) estimated

Revenue multiple
$158k–$253k
0.5–0.8× gross
SDE multiple
$177k–$248k
2.5–3.5× earnings
Cap rate
$215k–$284k
25–33%
Suggested range
$177k–$248k
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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