← Shangri-La /

Financials

MB707813
Dashboard › Shangri-La › Financial Intelligence

Shangri-La

1016 E 6TH ST, Austin, TX 78702 · TABC MB707813

Mixed Beverage Austin Market Enriched 2026-05-24
$1,829,581 Annual gross (L12M) ▼ 23.5% latest MoM Click for monthly detail
$152,465 Avg monthly ▼ 2.4% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $435,917/yr est. net Click for cost model
$1,090k–$1,526k Est. acquisition range 0.71× 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): $1,925,875 – $2,152,448/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Shangri-La My bars

Executive Summary

Click to expand full narrative

Shangri-La is a mixed-beverage licensed establishment at 1016 E 6TH ST, Austin, Texas (TABC MB707813). Over the most recent 12 months it reported $1,829,581 in gross alcohol sales, averaging $152,465/month with a best month of $194,607. Sales mix: ~76% liquor · 24% beer · 0% wine. The building at this address is owned by 1008 EAST SIXTH LLC (2,500 sqft, $902,333 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $435,917 (~24% margin). Acquisition value is estimated at $1,090k–$1,526k 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
$1,829,581
Avg monthly
$152,465
Best month
$194,607
Mar 2026
Sales mix
76% Liq
24% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID194774
Property owner (landlord)1008 EAST SIXTH LLC
Total building SF2,500
Assessed value$902,333

Shangri-La's share

Est. base rent ~$51/sqft/yr · 5,000 sqft · Class A $21,054/mo
NNN CAM / insurance$3,158/mo
NNN property tax$752/mo
Personal property tax est — no BPP record $305/mo
Total occupancy $25,269/mo

Occupancy analysis

All-in occupancy cost is 16.6% 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 $1,829,581 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$1,829,581
COGS (24%)−$439,099
Labor (14%)−$256,141
Occupancy−$272,910
TX MB gross tax (6.7%)−$122,582
Utilities / ins / mktg (8%)−$146,366
Card surcharge net+$20,125
Net profit $612,607
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$1,829,581
COGS (27%)−$493,987
Labor (17%)−$311,029
Occupancy−$303,234
TX MB gross tax (6.7%)−$122,582
Utilities / ins / mktg (10%)−$182,958
Card surcharge net+$20,125
Net profit $435,917
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$1,829,581
COGS (30%)−$548,874
Labor (22%)−$402,508
Occupancy−$333,557
TX MB gross tax (6.7%)−$122,582
Utilities / ins / mktg (12%)−$219,550
Card surcharge net+$20,125
Net profit $222,636
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 Shangri-La Atx L.L.C looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $435,917/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 (~$435,917 net) estimated

Revenue multiple
$915k–$1.46M
0.5–0.8× gross
SDE multiple
$1.09M–$1.53M
2.5–3.5× earnings
Cap rate
$1.32M–$1.74M
25–33%
Suggested range
$1,090k–$1,526k
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

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.