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Financials

MB101477206
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Brenner's On The Bayou

1 BIRDSALL ST, Houston, TX 77007 · TABC MB101477206

Mixed Beverage Houston Market Enriched 2026-05-24
$2,655,429 Annual gross (L12M) ▼ 5.7% latest MoM Click for monthly detail
$221,286 Avg monthly ▲ 0.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $594,816/yr est. net Click for cost model
$1,487k–$2,082k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $6,638,572 – $10,621,716/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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Brenner's On The Bayou is a mixed-beverage licensed establishment at 1 BIRDSALL ST, Houston, Texas (TABC MB101477206). Over the most recent 12 months it reported $2,655,429 in gross alcohol sales, averaging $221,286/month with a best month of $429,587. Sales mix: ~44% liquor · 3% beer · 53% wine. The building at this address is owned by MPBB HOLDINGS I LLC (2,500 sqft, $2,350,717 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $594,816 (~22% margin). Acquisition value is estimated at $1,487k–$2,082k 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
$2,655,429
Avg monthly
$221,286
Best month
$429,587
Dec 2025
Sales mix
44% Liq
3% Beer · 53% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1245050010006
Property owner (landlord)MPBB HOLDINGS I LLC
Total building SF2,500
Assessed value$2,350,717

Brenner's On The Bayou's share

Est. base rent ~$51/sqft/yr · 7,500 sqft · Class A $32,157/mo
NNN CAM / insurance$4,824/mo
NNN property tax$2,351/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $39,831/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 $2,655,429 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,655,429
COGS (24%)−$637,303
Labor (14%)−$371,760
Occupancy−$430,179
TX MB gross tax (6.7%)−$177,914
Utilities / ins / mktg (8%)−$212,434
Card surcharge net+$29,210
Net profit $855,048
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,655,429
COGS (27%)−$716,966
Labor (17%)−$451,423
Occupancy−$477,977
TX MB gross tax (6.7%)−$177,914
Utilities / ins / mktg (10%)−$265,543
Card surcharge net+$29,210
Net profit $594,816
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,655,429
COGS (30%)−$796,629
Labor (22%)−$584,194
Occupancy−$525,775
TX MB gross tax (6.7%)−$177,914
Utilities / ins / mktg (12%)−$318,651
Card surcharge net+$29,210
Net profit $281,475
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 Brenner's On The Bayou INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $594,816/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 (~$594,816 net) estimated

Revenue multiple
$1.33M–$2.12M
0.5–0.8× gross
SDE multiple
$1.49M–$2.08M
2.5–3.5× earnings
Cap rate
$1.80M–$2.38M
25–33%
Suggested range
$1,487k–$2,082k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $6,638,572–$10,621,716/yr in total revenue (your liquor portion of $2,655,429 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$6,639k–$10,622k
food + liquor + service
Estimated net (10–15%)
$664k–$1,593k
restaurant margin
Full-business value
$1,826k–$5,842k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-05-23

No federal lawsuits — past or pending