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Financials

MB105527694
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On The Bend

123 LOSOYA ST STE 7, San Antonio, TX 78205 · TABC MB105527694

Mixed Beverage San Antonio Market Enriched 2026-07-11
$622,465 Annual gross (L12M) ▼ 33.3% latest MoM Click for monthly detail
$51,872 Avg monthly ▼ 23.7% latest vs avg Click for monthly detail
~30% Est. net margin (likely) $186,907/yr est. net Click for cost model
$467k–$622k Est. acquisition range 0.88× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $655,226 – $732,312/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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On The Bend is a mixed-beverage licensed establishment at 123 LOSOYA ST STE 7, San Antonio, Texas (TABC MB105527694). Over the most recent 12 months it reported $622,465 in gross alcohol sales, averaging $51,872/month with a best month of $67,358. Sales mix: ~83% liquor · 9% beer · 8% wine. The building at this address is owned by GLM INVESTMENTS LTD (22,890 sqft, $2,694,720 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $186,907 (~30% margin). Acquisition value is estimated at $467k–$622k 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
$622,465
Avg monthly
$51,872
Best month
$67,358
Mar 2026
Sales mix
83% Liq
9% Beer · 8% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID104185
Property owner (landlord)GLM INVESTMENTS LTD
Total building SF whole parcel — On The Bend is in STE 722,890
On The Bend's footprint estimated — suite-level not on file 3,500 sf
Assessed value$2,694,720

On The Bend's share

Est. base rent ~$13/sqft/yr · 3,500 sqft · Class B $3,777/mo
NNN CAM / insurance$567/mo
NNN property tax$790/mo
Personal property tax own fixtures · Prop 1294737 $248/mo
Total occupancy $5,381/mo

Occupancy analysis

All-in occupancy cost is 10.4% 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 $622,465 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~39%
Revenue$622,465
COGS (24%)−$149,392
Labor (14%)−$87,145
Occupancy−$58,112
TX MB gross tax (6.7%)−$41,705
Utilities / ins / mktg (8%)−$49,797
Card surcharge net+$6,847
Net profit $243,162
Most Likely
Typical bar, light food program, full two-shift staffing
~30%
Revenue$622,465
COGS (27%)−$168,066
Labor (17%)−$105,819
Occupancy−$64,568
TX MB gross tax (6.7%)−$41,705
Utilities / ins / mktg (10%)−$62,246
Card surcharge net+$6,847
Net profit $186,907
Stressed
Heavy food, larger crew, higher rent
~19%
Revenue$622,465
COGS (30%)−$186,740
Labor (22%)−$136,942
Occupancy−$71,025
TX MB gross tax (6.7%)−$41,705
Utilities / ins / mktg (12%)−$74,696
Card surcharge net+$6,847
Net profit $118,204
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 Md Riverwalk LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $186,907/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 (~$186,907 net) estimated

Revenue multiple
$311k–$498k
0.5–0.8× gross
SDE multiple
$467k–$654k
2.5–3.5× earnings
Cap rate
$566k–$748k
25–33%
Suggested range
$467k–$622k
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 2026-07-05

Lookup pending — check back tomorrow

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