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Financials

MB950148
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The Line

111 E CESAR CHAVEZ ST, Austin, TX 78701 · TABC MB950148

Mixed Beverage Austin Market Enriched 2026-05-24
$3,624,746 Annual gross (L12M) ▼ 6.0% latest MoM Click for monthly detail
$302,062 Avg monthly ▲ 20.0% latest vs avg Click for monthly detail
~26% Est. net margin (likely) $941,268/yr est. net Click for cost model
$2,353k–$3,294k Est. acquisition range 0.78× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $4,027,496 – $5,178,209/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

The Line is a mixed-beverage licensed establishment at 111 E CESAR CHAVEZ ST, Austin, Texas (TABC MB950148). Over the most recent 12 months it reported $3,624,746 in gross alcohol sales, averaging $302,062/month with a best month of $415,567. Sales mix: ~68% liquor · 11% beer · 22% wine. The building at this address is owned by DOWNTOWN AUSTIN LAKESIDE HOTEL LLC (391,690 sqft, $149,500,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $941,268 (~26% margin). Acquisition value is estimated at $2,353k–$3,294k 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
$3,624,746
Avg monthly
$302,062
Best month
$415,567
May 2025
Sales mix
68% Liq
11% Beer · 22% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID192810
Property owner (landlord)DOWNTOWN AUSTIN LAKESIDE HOTEL LLC
Total building SF391,690
Assessed value$149,500,000

The Line's share

Est. base rent ~$53/sqft/yr · 7,500 sqft · Class A $33,397/mo
NNN CAM / insurance$5,010/mo
NNN property tax$4,771/mo
Personal property tax est — no BPP record $417/mo
Total occupancy $43,594/mo

Occupancy analysis

All-in occupancy cost is 14.4% 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 $3,624,746 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$3,624,746
COGS (24%)−$869,939
Labor (14%)−$507,464
Occupancy−$470,817
TX MB gross tax (6.7%)−$242,858
Utilities / ins / mktg (8%)−$289,980
Card surcharge net+$39,872
Net profit $1,283,560
Most Likely
Typical bar, light food program, full two-shift staffing
~26%
Revenue$3,624,746
COGS (27%)−$978,681
Labor (17%)−$616,207
Occupancy−$523,130
TX MB gross tax (6.7%)−$242,858
Utilities / ins / mktg (10%)−$362,475
Card surcharge net+$39,872
Net profit $941,268
Stressed
Heavy food, larger crew, higher rent
~15%
Revenue$3,624,746
COGS (30%)−$1,087,424
Labor (22%)−$797,444
Occupancy−$575,443
TX MB gross tax (6.7%)−$242,858
Utilities / ins / mktg (12%)−$434,970
Card surcharge net+$39,872
Net profit $526,480
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 Downtown Austin Bevco LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $941,268/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 (~$941,268 net) estimated

Revenue multiple
$1.81M–$2.90M
0.5–0.8× gross
SDE multiple
$2.35M–$3.29M
2.5–3.5× earnings
Cap rate
$2.85M–$3.77M
25–33%
Suggested range
$2,353k–$3,294k
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 2026-05-26

Lookup pending — check back tomorrow

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