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MB103854130
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Neil's Bahr

3409 MCKINNEY ST UNIT C, Houston, TX 77003 · TABC MB103854130

Mixed Beverage Houston Market Enriched 2026-07-12
$743,408 Annual gross (L12M) ▲ 5.3% latest MoM Click for monthly detail
$61,951 Avg monthly ▲ 2.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $161,786/yr est. net Click for cost model
$404k–$566k Est. acquisition range 0.65× 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): $743,408 – $826,009/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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Neil's Bahr is a mixed-beverage licensed establishment at 3409 MCKINNEY ST UNIT C, Houston, Texas (TABC MB103854130). Over the most recent 12 months it reported $743,408 in gross alcohol sales, averaging $61,951/month with a best month of $71,609. Sales mix: ~64% liquor · 36% beer · 0% wine. The building at this address is owned by EADO STORAGE CENTER LLC (61,265 sqft, $14,777,779 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $161,786 (~22% margin). Acquisition value is estimated at $404k–$566k 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
$743,408
Avg monthly
$61,951
Best month
$71,609
Mar 2026
Sales mix
64% Liq
36% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1378030010001
Property owner (landlord)EADO STORAGE CENTER LLC
Total building SF whole parcel — Neil's Bahr is in UNIT C61,265
Neil's Bahr's footprint estimated — suite-level not on file 3,500 sf
Assessed value$14,777,779

Neil's Bahr's share

Est. base rent ~$29/sqft/yr · 3,500 sqft · Class A $8,442/mo
NNN CAM / insurance$1,266/mo
NNN property tax$1,688/mo
Personal property tax est — no BPP record $149/mo
Total occupancy $11,546/mo

Occupancy analysis

All-in occupancy cost is 18.6% 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 $743,408 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$743,408
COGS (24%)−$178,418
Labor (14%)−$104,077
Occupancy−$124,696
TX MB gross tax (6.7%)−$49,808
Utilities / ins / mktg (8%)−$59,473
Card surcharge net+$8,177
Net profit $235,114
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$743,408
COGS (27%)−$200,720
Labor (17%)−$126,379
Occupancy−$138,551
TX MB gross tax (6.7%)−$49,808
Utilities / ins / mktg (10%)−$74,341
Card surcharge net+$8,177
Net profit $161,786
Stressed
Heavy food, larger crew, higher rent
~10%
Revenue$743,408
COGS (30%)−$223,022
Labor (22%)−$163,550
Occupancy−$152,406
TX MB gross tax (6.7%)−$49,808
Utilities / ins / mktg (12%)−$89,209
Card surcharge net+$8,177
Net profit $73,590
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 Compuglobalhypermeganet LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $161,786/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 (~$161,786 net) estimated

Revenue multiple
$372k–$595k
0.5–0.8× gross
SDE multiple
$404k–$566k
2.5–3.5× earnings
Cap rate
$490k–$647k
25–33%
Suggested range
$404k–$566k
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 2026-06-16

No federal lawsuits — past or pending