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Financials

MB192342
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Iron Cactus

606 TRINITY ST, Austin, TX 78701 · TABC MB192342

Mixed Beverage Austin Market Enriched 2026-06-15
$970,433 Annual gross (L12M) ▼ 11.1% latest MoM Click for monthly detail
$80,869 Avg monthly ▼ 8.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $217,377/yr est. net Click for cost model
$543k–$761k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $970,433 – $1,078,259/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

Iron Cactus is a mixed-beverage licensed establishment at 606 TRINITY ST, Austin, Texas (TABC MB192342). Over the most recent 12 months it reported $970,433 in gross alcohol sales, averaging $80,869/month with a best month of $121,422. Sales mix: ~79% liquor · 18% beer · 3% wine. The building at this address is owned by WOOLDRIDGE ASSOCIATES LLC (2,500 sqft, $1,299,090 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $217,377 (~22% margin). Acquisition value is estimated at $543k–$761k 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
$970,433
Avg monthly
$80,869
Best month
$121,422
May 2025
Sales mix
79% Liq
18% Beer · 3% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194529
Property owner (landlord)WOOLDRIDGE ASSOCIATES LLC
Total building SF2,500
Assessed value$1,299,090

Iron Cactus's share

Est. base rent ~$40/sqft/yr · 3,500 sqft · Class A $11,576/mo
NNN CAM / insurance$1,736/mo
NNN property tax$1,083/mo
Personal property tax est — no BPP record $162/mo
Total occupancy $14,556/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 $970,433 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$970,433
COGS (24%)−$232,904
Labor (14%)−$135,861
Occupancy−$157,210
TX MB gross tax (6.7%)−$65,019
Utilities / ins / mktg (8%)−$77,635
Card surcharge net+$10,675
Net profit $312,479
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$970,433
COGS (27%)−$262,017
Labor (17%)−$164,974
Occupancy−$174,678
TX MB gross tax (6.7%)−$65,019
Utilities / ins / mktg (10%)−$97,043
Card surcharge net+$10,675
Net profit $217,377
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$970,433
COGS (30%)−$291,130
Labor (22%)−$213,495
Occupancy−$192,146
TX MB gross tax (6.7%)−$65,019
Utilities / ins / mktg (12%)−$116,452
Card surcharge net+$10,675
Net profit $102,866
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 606 - II L.L.C looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $217,377/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 (~$217,377 net) estimated

Revenue multiple
$485k–$776k
0.5–0.8× gross
SDE multiple
$543k–$761k
2.5–3.5× earnings
Cap rate
$659k–$870k
25–33%
Suggested range
$543k–$761k
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 2026-06-25

Lookup pending — check back tomorrow

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