← Fig & Olive /

Financials

MB105559333
Dashboard › Fig & Olive › Financial Intelligence

Fig & Olive

5115 WESTHEIMER RD STE C2500, Houston, TX 77056 · TABC MB105559333

Mixed Beverage Houston Market Enriched 2026-07-11
$807,094 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$67,258 Avg monthly — 0.0% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $201,847/yr est. net Click for cost model
$505k–$706k Est. acquisition range 0.75× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $1,793,542 – $3,228,376/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Fig & Olive My bars

Executive Summary

Click to expand full narrative

Fig & Olive is a mixed-beverage licensed establishment at 5115 WESTHEIMER RD STE C2500, Houston, Texas (TABC MB105559333). Over the most recent 12 months it reported $807,094 in gross alcohol sales, averaging $67,258/month with a best month of $67,258. The building at this address is owned by IA LODGING HOUSTON GALLERIA LP (283,898 sqft, $61,226,883 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $201,847 (~25% margin). Acquisition value is estimated at $505k–$706k 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
$807,094
Avg monthly
$67,258
Best month
$67,258
Jan 2026
Sales mix
—

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1205380000001
Property owner (landlord)IA LODGING HOUSTON GALLERIA LP
Total building SF whole parcel — Fig & Olive is in STE C2500283,898
Fig & Olive's footprint estimated — suite-level not on file 3,500 sf
Assessed value$61,226,883

Fig & Olive's share

Est. base rent ~$26/sqft/yr · 3,500 sqft · Class A $7,548/mo
NNN CAM / insurance$1,132/mo
NNN property tax$1,510/mo
Personal property tax est — no BPP record $161/mo
Total occupancy $10,352/mo

Occupancy analysis

All-in occupancy cost is 15.4% 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 $807,094 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$807,094
COGS (24%)−$193,703
Labor (14%)−$112,993
Occupancy−$111,797
TX MB gross tax (6.7%)−$54,075
Utilities / ins / mktg (8%)−$64,568
Card surcharge net+$8,878
Net profit $278,836
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$807,094
COGS (27%)−$217,915
Labor (17%)−$137,206
Occupancy−$124,219
TX MB gross tax (6.7%)−$54,075
Utilities / ins / mktg (10%)−$80,709
Card surcharge net+$8,878
Net profit $201,847
Stressed
Heavy food, larger crew, higher rent
~13%
Revenue$807,094
COGS (30%)−$242,128
Labor (22%)−$177,561
Occupancy−$136,641
TX MB gross tax (6.7%)−$54,075
Utilities / ins / mktg (12%)−$96,851
Card surcharge net+$8,878
Net profit $108,716
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 F & O Houston LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $201,847/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 (~$201,847 net) estimated

Revenue multiple
$404k–$646k
0.5–0.8× gross
SDE multiple
$505k–$706k
2.5–3.5× earnings
Cap rate
$612k–$807k
25–33%
Suggested range
$505k–$706k
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.
Full-business estimate · Restaurant / Bar

If you're buying the whole restaurant, not just the bar program

We estimate this restaurant / bar pulls $1,793,542–$3,228,376/yr in total revenue (your liquor portion of $807,094 is roughly 25–45% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$1,794k–$3,228k
food + liquor + service
Estimated net (10–15%)
$179k–$484k
restaurant margin
Full-business value
$493k–$1,776k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-07-08

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.