← CHEVELAND MB200162583

Cheveland

411 UNIVERSITY AVE STE 100, Lubbock, TX 79401 · Lubbock County
Latest receipts
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Trailing 12
$510K
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All-time peak
$81K
Apr 2026
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Liquor split
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Per open day
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est. 30 days
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How they stack up

In Lubbock
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In ZIP 79401
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In Lubbock County
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Statewide
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2025
License issued
Aug 2025
Source: BoozeReports.com provides Texas bar, restaurant, and alcohol permit intelligence — including mixed beverage sales, license details, compliance signals, violations, ownership, and estimated business value.
Plain-text summary (for AI / quick reference)
Business name: Cheveland
City: Lubbock, TX · Lubbock County
Address: 411 University Ave Ste 100, TX 79401
TABC permit number: MB200162583
Owner / operator: Jcm TX LLC
Trailing 12-month mixed beverage receipts: $510,477
Estimated business value: $283,060 (midpoint, EBITDA-multiple model)
Source: BoozeReports.com — Texas bar & alcohol-permit intelligence platform.
CHEVELAND outperforms peers

CHEVELAND's average monthly receipts exceed typical Texas bars in Lubbock. With $54,381 in the latest month, it surpasses its own 12-month average of $39,267.

What is this bar worth?

Back-of-envelope · Pro only
Low (-5% margin)
$138K
2.25× EBITDA
Mid (14% margin)Likely
$283K
3.0× EBITDA
High (32% margin)
$651K
3.75× EBITDA
Pro · valuation
Acquisition-grade estimate.
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Based on trailing-12-month gross of $510,477, applying contribution margins of -5–32% and EBITDA multiples of 2.25–3.75×. Confidence: low. Not a formal appraisal — anchor for diligence conversations.

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Sales history · monthly gross receipts

Monthly filings · last 12

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Month Total Liquor Beer Wine MoM
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About this establishment

CHEVELAND is a Mixed Beverage located in LUBBOCK, Texas. In August 2026, it reported $54,381 in total mixed beverage sales. Its average monthly sales over the last 9 months were $56,720. Its highest-grossing month in that period was April 2026 with $80,695 in sales. Sales have increased by 47% compared to earlier in the period. Its sales mix is approximately 58% liquor, 42% beer, and 0% wine. The establishment currently holds an Active TABC license. Its BoozeReports audit risk score is rated low with no significant compliance concerns detected.

ZIP 79401 performance

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Location

411 UNIVERSITY AVE STE 100
LUBBOCK, TX 79401
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License

Permit typeMixed Beverage
NumberMB200162583
Status ● Active
First filing2025-08-31
Renewed2025-08-20
Expires2027-08-19
Sales tax filingCurrent
Entity registeredActive
Franchise tax Below No Tax Due threshold
Trade nameCheveland
Owner Jcm TX LLC Company →
Officers Sergio Arias Member
Sergio Arias Director
Sibling entities
7 other venues share an officer
La Cheve-Ceria · Midland
via Sergio Arias (Owner/manager)
El Mitote Sports Lounge #2, Llc · Lubbock
via Sergio Arias (Prsident)
Capricho'S Bar & Mexican Vibes · Midland
via Sergio Arias (Director)
El Mitote Sports Lounge · Midland
via Sergio Arias (Managing M)
El Mitote Sports Lounge #2, Llc · Lubbock
via Sergio Arias (Prsident)
El Mitote Sports Lounge · Midland
via Sergio Arias (Managing M)
Inferred from shared officer / manager filings — not a confirmed parent relationship.

Audit risk

L
LOW
No flags detected
Sales-tax cross-check
Sales-tax filings $510,477 vs gross $510,477 over 9 overlapping months — filings match (gap 0.0%).
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Texas state & county records

Public records
No state or county cases — and no tax liens on record
Public records, last checked 2026-10-16 03:46

Federal court history

Public records
No federal lawsuits — past or pending
Public records, last checked 2026-09-13

Peer comparison

Lubbock
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Location · CHEVELAND

411 UNIVERSITY AVE STE 100, LUBBOCK, TX 79401

Heatmap · ZIP 79401

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Comparative gross-receipt heatmap for permits within ~1 mile. Brighter = higher monthly receipts.

ZIP 79401 rankings

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