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MB529546
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P.F. Chang's China Bistro

201 SAN JACINTO BLVD, Austin, TX 78701 · TABC MB529546

Mixed Beverage Austin Market Enriched 2026-08-17
$216,064 Annual gross (L12M) ▼ 15.7% latest MoM Click for monthly detail
$18,005 Avg monthly ▼ 12.3% latest vs avg Click for monthly detail
~-145% Est. net margin (likely) $-312,714/yr est. net Click for cost model
$108k–$-1,094k Est. acquisition range -2.28× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $480,142 – $864,256/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

P.F. Chang's China Bistro is a mixed-beverage licensed establishment at 201 SAN JACINTO BLVD, Austin, Texas (TABC MB529546). Over the most recent 12 months it reported $216,064 in gross alcohol sales, averaging $18,005/month with a best month of $21,252. Sales mix: ~58% liquor · 19% beer · 23% wine. The building at this address is owned by CITY OF AUSTIN (67,363 sqft, $59,399,137 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-312,714 (~-145% margin). Acquisition value is estimated at $108k–$-1,094k 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
$216,064
Avg monthly
$18,005
Best month
$21,252
Mar 2026
Sales mix
58% Liq
19% Beer · 23% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID192838
Property owner (landlord)CITY OF AUSTIN
Total building SF67,363
Assessed value$59,399,137

P.F. Chang's China Bistro's share

Est. base rent ~$123/sqft/yr · 2,500 sqft · Class A $25,718/mo
NNN CAM / insurance$3,858/mo
NNN property tax$3,674/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $33,334/mo

Occupancy analysis

All-in occupancy cost is 185.1% 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 $216,064 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-118%
Revenue$216,064
COGS (24%)−$51,855
Labor (14%)−$30,249
Occupancy−$360,004
TX MB gross tax (6.7%)−$14,476
Utilities / ins / mktg (8%)−$17,285
Card surcharge net+$2,377
Net profit $-255,429
Most Likely
Typical bar, light food program, full two-shift staffing
~-145%
Revenue$216,064
COGS (27%)−$58,337
Labor (17%)−$36,731
Occupancy−$400,004
TX MB gross tax (6.7%)−$14,476
Utilities / ins / mktg (10%)−$21,606
Card surcharge net+$2,377
Net profit $-312,714
Stressed
Heavy food, larger crew, higher rent
~-173%
Revenue$216,064
COGS (30%)−$64,819
Labor (22%)−$47,534
Occupancy−$440,004
TX MB gross tax (6.7%)−$14,476
Utilities / ins / mktg (12%)−$25,928
Card surcharge net+$2,377
Net profit $-374,321
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 P.F.C.C.B. Texas INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-312,714/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 (~$-312,714 net) estimated

Revenue multiple
$108k–$173k
0.5–0.8× gross
SDE multiple
$-782k–$-1,094k
2.5–3.5× earnings
Cap rate
$-948k–$-1,251k
25–33%
Suggested range
$108k–$-1,094k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $480,142–$864,256/yr in total revenue (your liquor portion of $216,064 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$480k–$864k
food + liquor + service
Estimated net (10–15%)
$48k–$130k
restaurant margin
Full-business value
$132k–$475k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

2 cases on file · public records

2 federal cases
As defendant in 1 case
Most recent filing
Qasim v. P.F. Chang's China Bistro, Inc.
TXSD · 2022-08-25 · CLOSED
Public records, last checked 2026-05-22