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Financials

MB101227220
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1820

1820 FRANKLIN ST, Houston, TX 77002 · TABC MB101227220

Mixed Beverage Houston Market Enriched 2026-06-19
$794,614 Annual gross (L12M) ▼ 31.7% latest MoM Click for monthly detail
$66,218 Avg monthly ▲ 9.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $177,994/yr est. net Click for cost model
$445k–$623k Est. acquisition range 0.67× 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): $836,436 – $934,840/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

1820 is a mixed-beverage licensed establishment at 1820 FRANKLIN ST, Houston, Texas (TABC MB101227220). Over the most recent 12 months it reported $794,614 in gross alcohol sales, averaging $66,218/month with a best month of $106,067. Sales mix: ~68% liquor · 32% beer · 1% wine. The building at this address is owned by KALAS CHARLES (4,617 sqft, $1,535,379 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $177,994 (~22% margin). Acquisition value is estimated at $445k–$623k 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
$794,614
Avg monthly
$66,218
Best month
$106,067
Mar 2026
Sales mix
68% Liq
32% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0011610000019
Property owner (landlord)KALAS CHARLES
Total building SF4,617
Assessed value$1,535,379

1820's share

Est. base rent ~$30/sqft/yr · 3,500 sqft · Class A $8,891/mo
NNN CAM / insurance$1,334/mo
NNN property tax$1,535/mo
Personal property tax est — no BPP record $159/mo
Total occupancy $11,919/mo

Occupancy analysis

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.

Profit scenarios

Texas bar cost model applied to $794,614 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$794,614
COGS (24%)−$190,707
Labor (14%)−$111,246
Occupancy−$128,727
TX MB gross tax (6.7%)−$53,239
Utilities / ins / mktg (8%)−$63,569
Card surcharge net+$8,741
Net profit $255,866
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$794,614
COGS (27%)−$214,546
Labor (17%)−$135,084
Occupancy−$143,031
TX MB gross tax (6.7%)−$53,239
Utilities / ins / mktg (10%)−$79,461
Card surcharge net+$8,741
Net profit $177,994
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$794,614
COGS (30%)−$238,384
Labor (22%)−$174,815
Occupancy−$157,334
TX MB gross tax (6.7%)−$53,239
Utilities / ins / mktg (12%)−$95,354
Card surcharge net+$8,741
Net profit $84,229
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 1820 Lounge LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $177,994/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 (~$177,994 net) estimated

Revenue multiple
$397k–$636k
0.5–0.8× gross
SDE multiple
$445k–$623k
2.5–3.5× earnings
Cap rate
$539k–$712k
25–33%
Suggested range
$445k–$623k
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 2026-10-07

Lookup pending — check back tomorrow

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