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Financials

MB102703709
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Mcnease Convention Center

501 RIO CONCHO DR, San Angelo, TX 76903 · TABC MB102703709

Mixed Beverage San Angelo Market Enriched 2026-06-19
$799,737 Annual gross (L12M) ▲ 3934.4% latest MoM Click for monthly detail
$66,645 Avg monthly ▲ 651.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $224,686/yr est. net Click for cost model
$562k–$786k Est. acquisition range 0.84× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $799,737 – $888,597/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

Mcnease Convention Center is a mixed-beverage licensed establishment at 501 RIO CONCHO DR, San Angelo, Texas (TABC MB102703709). Over the most recent 12 months it reported $799,737 in gross alcohol sales, averaging $66,645/month with a best month of $500,948. Sales mix: ~31% liquor · 58% beer · 12% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $224,686 (~28% margin). Acquisition value is estimated at $562k–$786k 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
$799,737
Avg monthly
$66,645
Best month
$500,948
Apr 2026
Sales mix
31% Liq
58% Beer · 12% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$6,998/mo
NNN CAM / insurance$1,050/mo
Total occupancy$8,201/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $799,737 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$799,737
COGS (24%)−$191,937
Labor (14%)−$111,963
Occupancy−$88,567
TX MB gross tax (6.7%)−$53,582
Utilities / ins / mktg (8%)−$63,979
Card surcharge net+$8,797
Net profit $298,506
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$799,737
COGS (27%)−$215,929
Labor (17%)−$135,955
Occupancy−$98,408
TX MB gross tax (6.7%)−$53,582
Utilities / ins / mktg (10%)−$79,974
Card surcharge net+$8,797
Net profit $224,686
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$799,737
COGS (30%)−$239,921
Labor (22%)−$175,942
Occupancy−$108,248
TX MB gross tax (6.7%)−$53,582
Utilities / ins / mktg (12%)−$95,968
Card surcharge net+$8,797
Net profit $134,872
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 San Angelo Host Events INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $224,686/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 (~$224,686 net) estimated

Revenue multiple
$400k–$640k
0.5–0.8× gross
SDE multiple
$562k–$786k
2.5–3.5× earnings
Cap rate
$681k–$899k
25–33%
Suggested range
$562k–$786k
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 2026-07-02

Lookup pending — check back tomorrow

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