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Financials

MB102882165
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The Lost Well

1141 1/2 AIRPORT BLVD, Austin, TX 78702 · TABC MB102882165

Mixed Beverage Austin Market Enriched 2026-09-12
$408,757 Annual gross (L12M) ▼ 13.4% latest MoM Click for monthly detail
$45,417 Avg monthly ▼ 16.7% latest vs avg Click for monthly detail
~23% Est. net margin (likely) $93,870/yr est. net Click for cost model
$235k–$329k Est. acquisition range 0.69× 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): $430,271 – $480,891/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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The Lost Well is a mixed-beverage licensed establishment at 1141 1/2 AIRPORT BLVD, Austin, Texas (TABC MB102882165). Over the most recent 12 months it reported $408,757 in gross alcohol sales, averaging $45,417/month with a best month of $59,429. Sales mix: ~48% liquor · 52% beer · 0% wine. The building at this address is owned by FIGUEROA CORP (5,000 sqft, $889,465 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $93,870 (~23% margin). Acquisition value is estimated at $235k–$329k 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
$408,757
Avg monthly
$45,417
Best month
$59,429
Feb 2026
Sales mix
48% Liq
52% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID196040
Property owner (landlord)FIGUEROA CORP
Total building SF5,000
Assessed value$889,465

The Lost Well's share

Est. base rent ~$21/sqft/yr · 2,500 sqft · Class B $4,447/mo
NNN CAM / insurance$667/mo
NNN property tax$741/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $5,939/mo

Occupancy analysis

All-in occupancy cost is 17.4% 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 $408,757 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$408,757
COGS (24%)−$98,102
Labor (14%)−$57,226
Occupancy−$64,141
TX MB gross tax (6.7%)−$27,387
Utilities / ins / mktg (8%)−$32,701
Card surcharge net+$4,496
Net profit $133,697
Most Likely
Typical bar, light food program, full two-shift staffing
~23%
Revenue$408,757
COGS (27%)−$110,364
Labor (17%)−$69,489
Occupancy−$71,268
TX MB gross tax (6.7%)−$27,387
Utilities / ins / mktg (10%)−$40,876
Card surcharge net+$4,496
Net profit $93,870
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$408,757
COGS (30%)−$122,627
Labor (22%)−$89,927
Occupancy−$78,395
TX MB gross tax (6.7%)−$27,387
Utilities / ins / mktg (12%)−$49,051
Card surcharge net+$4,496
Net profit $45,868
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 The Lost Well LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $93,870/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 (~$93,870 net) estimated

Revenue multiple
$204k–$327k
0.5–0.8× gross
SDE multiple
$235k–$329k
2.5–3.5× earnings
Cap rate
$284k–$375k
25–33%
Suggested range
$235k–$329k
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 2026-06-30

Lookup pending — check back tomorrow

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