← Lulu's /

Financials

MB105569100
Dashboard › Lulu's › Financial Intelligence

Lulu's

204 E MILL ST, Round Top, TX 78954 · TABC MB105569100

Mixed Beverage Round Top Market Enriched 2026-06-17
$939,236 Annual gross (L12M) ▼ 61.8% latest MoM Click for monthly detail
$78,270 Avg monthly ▼ 14.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $263,878/yr est. net Click for cost model
$660k–$924k Est. acquisition range 0.84× 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): $988,669 – $1,104,984/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Lulu's My bars

Executive Summary

Click to expand full narrative

Lulu's is a mixed-beverage licensed establishment at 204 E MILL ST, Round Top, Texas (TABC MB105569100). Over the most recent 12 months it reported $939,236 in gross alcohol sales, averaging $78,270/month with a best month of $204,057. Sales mix: ~48% liquor · 3% beer · 49% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $263,878 (~28% margin). Acquisition value is estimated at $660k–$924k 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
$939,236
Avg monthly
$78,270
Best month
$204,057
Oct 2025
Sales mix
48% Liq
3% Beer · 49% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$8,218/mo
NNN CAM / insurance$1,233/mo
Total occupancy$9,631/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $939,236 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$939,236
COGS (24%)−$225,417
Labor (14%)−$131,493
Occupancy−$104,016
TX MB gross tax (6.7%)−$62,929
Utilities / ins / mktg (8%)−$75,139
Card surcharge net+$10,332
Net profit $350,575
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$939,236
COGS (27%)−$253,594
Labor (17%)−$159,670
Occupancy−$115,573
TX MB gross tax (6.7%)−$62,929
Utilities / ins / mktg (10%)−$93,924
Card surcharge net+$10,332
Net profit $263,878
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$939,236
COGS (30%)−$281,771
Labor (22%)−$206,632
Occupancy−$127,130
TX MB gross tax (6.7%)−$62,929
Utilities / ins / mktg (12%)−$112,708
Card surcharge net+$10,332
Net profit $158,397
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 Rt 204 Mill LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $263,878/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 (~$263,878 net) estimated

Revenue multiple
$470k–$751k
0.5–0.8× gross
SDE multiple
$660k–$924k
2.5–3.5× earnings
Cap rate
$800k–$1.06M
25–33%
Suggested range
$660k–$924k
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 2026-06-25

Lookup pending — check back tomorrow

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