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MB102353903
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Hospitality International INC

23808 RESORT PKWY, San Antonio, TX 78261 · TABC MB102353903

Mixed Beverage San Antonio Market Enriched 2026-09-22
$24,049,112 Annual gross (L12M) ▼ 22.1% latest MoM Click for monthly detail
$2,004,093 Avg monthly ▼ 12.0% latest vs avg Click for monthly detail
~40% Est. net margin (likely) $9,709,838/yr est. net Click for cost model
$24,275k–$24,049k Est. acquisition range 1.00× 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): $26,721,236 – $34,355,874/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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Hospitality International INC is a mixed-beverage licensed establishment at 23808 RESORT PKWY, San Antonio, Texas (TABC MB102353903). Over the most recent 12 months it reported $24,049,112 in gross alcohol sales, averaging $2,004,093/month with a best month of $3,755,720. Sales mix: ~59% liquor · 20% beer · 21% wine. The building at this address is owned by RHP PROPERTY SA LLC $1,520 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $9,709,838 (~40% margin). Acquisition value is estimated at $24,275k–$24,049k 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
$24,049,112
Avg monthly
$2,004,093
Best month
$3,755,720
Apr 2026
Sales mix
59% Liq
20% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1103465
Property owner (landlord)RHP PROPERTY SA LLC
Assessed value$1,520

Hospitality International INC's share

Est. base rent ~$0/sqft/yr · 7,500 sqft · Class C $17/mo
NNN CAM / insurance$3/mo
NNN property tax$1/mo
Personal property tax est — no BPP record $479/mo
Total occupancy $500/mo

Occupancy analysis

All-in occupancy cost is 0.0% 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 $24,049,112 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~48%
Revenue$24,049,112
COGS (24%)−$5,771,787
Labor (14%)−$3,366,876
Occupancy−$5,403
TX MB gross tax (6.7%)−$1,611,291
Utilities / ins / mktg (8%)−$1,923,929
Card surcharge net+$264,540
Net profit $11,634,367
Most Likely
Typical bar, light food program, full two-shift staffing
~40%
Revenue$24,049,112
COGS (27%)−$6,493,260
Labor (17%)−$4,088,349
Occupancy−$6,003
TX MB gross tax (6.7%)−$1,611,291
Utilities / ins / mktg (10%)−$2,404,911
Card surcharge net+$264,540
Net profit $9,709,838
Stressed
Heavy food, larger crew, higher rent
~30%
Revenue$24,049,112
COGS (30%)−$7,214,734
Labor (22%)−$5,290,805
Occupancy−$6,604
TX MB gross tax (6.7%)−$1,611,291
Utilities / ins / mktg (12%)−$2,885,893
Card surcharge net+$264,540
Net profit $7,304,326
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 Hospitality International INC (2930806) looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $9,709,838/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 (~$9,709,838 net) estimated

Revenue multiple
$12.02M–$19.24M
0.5–0.8× gross
SDE multiple
$24.27M–$33.98M
2.5–3.5× earnings
Cap rate
$29.42M–$38.84M
25–33%
Suggested range
$24,275k–$24,049k
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 2026-05-22

Lookup pending — check back tomorrow

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