319 COLORADO ST, Austin, TX 78701 · TABC MB770079
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Driftwood Downtown is a mixed-beverage licensed establishment at 319 COLORADO ST, Austin, Texas (TABC MB770079). Over the most recent 12 months it reported $834,385 in gross alcohol sales, averaging $69,532/month with a best month of $90,890. Sales mix: ~75% liquor · 15% beer · 10% wine. The building at this address is owned by COLORADO THIRD STREET LLC (20,828 sqft, $13,588,580 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $186,902 (~22% margin). Acquisition value is estimated at $467k–$654k 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.
Texas Comptroller mixed-beverage gross receipts actual
County public records + submarket comps
Building (landlord parcel)
Driftwood Downtown's share
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.
Texas bar cost model applied to $834,385 gross revenue estimated
Split likely net profit across ownership estimated
Based on most-likely scenario (~$186,902 net) estimated
1 case on file · public records
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