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MB104526
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Benihana Of Tokyo

9707 WESTHEIMER RD, Houston, TX 77042 · TABC MB104526

Mixed Beverage Houston Market Enriched 2026-07-12
$570,422 Annual gross (L12M) ▲ 25.0% latest MoM Click for monthly detail
$47,535 Avg monthly ▲ 8.7% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $145,210/yr est. net Click for cost model
$363k–$508k Est. acquisition range 0.76× annual gross (blended) Click for valuation methods
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Executive Summary

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Benihana Of Tokyo is a mixed-beverage licensed establishment at 9707 WESTHEIMER RD, Houston, Texas (TABC MB104526). Over the most recent 12 months it reported $570,422 in gross alcohol sales, averaging $47,535/month with a best month of $65,097. Sales mix: ~60% liquor · 16% beer · 24% wine. The building at this address is owned by BENIHANA OF TOYKO INC (5,281 sqft, $950,750 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $145,210 (~25% margin). Acquisition value is estimated at $363k–$508k 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
$570,422
Avg monthly
$47,535
Best month
$65,097
Dec 2025
Sales mix
60% Liq
16% Beer · 24% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1101420000013
Property owner (landlord)BENIHANA OF TOYKO INC
Total building SF5,281
Assessed value$950,750

Benihana Of Tokyo's share

Est. base rent ~$18/sqft/yr · 3,500 sqft · Class B $5,251/mo
NNN CAM / insurance$788/mo
NNN property tax$951/mo
Personal property tax est — no BPP record $114/mo
Total occupancy $7,103/mo

Occupancy analysis

All-in occupancy cost is 14.9% 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 $570,422 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$570,422
COGS (24%)−$136,901
Labor (14%)−$79,859
Occupancy−$76,717
TX MB gross tax (6.7%)−$38,218
Utilities / ins / mktg (8%)−$45,634
Card surcharge net+$6,275
Net profit $199,367
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$570,422
COGS (27%)−$154,014
Labor (17%)−$96,972
Occupancy−$85,241
TX MB gross tax (6.7%)−$38,218
Utilities / ins / mktg (10%)−$57,042
Card surcharge net+$6,275
Net profit $145,210
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$570,422
COGS (30%)−$171,127
Labor (22%)−$125,493
Occupancy−$93,765
TX MB gross tax (6.7%)−$38,218
Utilities / ins / mktg (12%)−$68,451
Card surcharge net+$6,275
Net profit $79,643
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 Benihana Of Texas INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $145,210/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 (~$145,210 net) estimated

Revenue multiple
$285k–$456k
0.5–0.8× gross
SDE multiple
$363k–$508k
2.5–3.5× earnings
Cap rate
$440k–$581k
25–33%
Suggested range
$363k–$508k
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 2026-05-23

No federal lawsuits — past or pending