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Financials

MB105086360
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Pitch 25

2120 WALKER ST, Houston, TX 77003 · TABC MB105086360

Mixed Beverage Houston Market Enriched 2026-05-24
$2,059,247 Annual gross (L12M) ▼ 28.8% latest MoM Click for monthly detail
$171,604 Avg monthly ▲ 0.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $461,271/yr est. net Click for cost model
$1,153k–$1,614k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $2,941,781 – $4,118,494/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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Pitch 25 is a mixed-beverage licensed establishment at 2120 WALKER ST, Houston, Texas (TABC MB105086360). Over the most recent 12 months it reported $2,059,247 in gross alcohol sales, averaging $171,604/month with a best month of $265,451. Sales mix: ~53% liquor · 46% beer · 1% wine. The building at this address is owned by EADO REDO I LLC (5,189 sqft, $2,950,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $461,271 (~22% margin). Acquisition value is estimated at $1,153k–$1,614k 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
$2,059,247
Avg monthly
$171,604
Best month
$265,451
May 2025
Sales mix
53% Liq
46% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1391410010001
Property owner (landlord)EADO REDO I LLC
Total building SF5,189
Assessed value$2,950,000

Pitch 25's share

Est. base rent ~$38/sqft/yr · 7,500 sqft · Class A $23,936/mo
NNN CAM / insurance$3,590/mo
NNN property tax$2,950/mo
Personal property tax est — no BPP record $412/mo
Total occupancy $30,889/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 $2,059,247 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$2,059,247
COGS (24%)−$494,219
Labor (14%)−$288,295
Occupancy−$333,598
TX MB gross tax (6.7%)−$137,970
Utilities / ins / mktg (8%)−$164,740
Card surcharge net+$22,652
Net profit $663,078
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$2,059,247
COGS (27%)−$555,997
Labor (17%)−$350,072
Occupancy−$370,664
TX MB gross tax (6.7%)−$137,970
Utilities / ins / mktg (10%)−$205,925
Card surcharge net+$22,652
Net profit $461,271
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$2,059,247
COGS (30%)−$617,774
Labor (22%)−$453,034
Occupancy−$407,731
TX MB gross tax (6.7%)−$137,970
Utilities / ins / mktg (12%)−$247,110
Card surcharge net+$22,652
Net profit $218,280
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 Pitch 25 LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $461,271/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 (~$461,271 net) estimated

Revenue multiple
$1.03M–$1.65M
0.5–0.8× gross
SDE multiple
$1.15M–$1.61M
2.5–3.5× earnings
Cap rate
$1.40M–$1.85M
25–33%
Suggested range
$1,153k–$1,614k
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 2026-06-02

Lookup pending — check back tomorrow

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