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Financials

MB105600433
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The Lighthouse Restaurant & Lounge

513 SLEAT DR, Spicewood, TX 78669 · TABC MB105600433

Mixed Beverage Spicewood Market Enriched 2026-07-10
$617,460 Annual gross (L12M) ▲ 58.6% latest MoM Click for monthly detail
$51,455 Avg monthly ▲ 56.4% latest vs avg Click for monthly detail
~29% Est. net margin (likely) $179,962/yr est. net Click for cost model
$450k–$617k Est. acquisition range 0.86× 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $686,067 – $823,280/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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The Lighthouse Restaurant & Lounge is a mixed-beverage licensed establishment at 513 SLEAT DR, Spicewood, Texas (TABC MB105600433). Over the most recent 12 months it reported $617,460 in gross alcohol sales, averaging $51,455/month with a best month of $80,478. Sales mix: ~62% liquor · 26% beer · 12% wine. The building at this address is owned by TRIPLE BB MARINA LTD (2,500 sqft, $335,909 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $179,962 (~29% margin). Acquisition value is estimated at $450k–$617k 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
$617,460
Avg monthly
$51,455
Best month
$80,478
May 2026
Sales mix
62% Liq
26% Beer · 12% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID160115
Property owner (landlord)TRIPLE BB MARINA LTD
Total building SF2,500
Assessed value$335,909

The Lighthouse Restaurant & Lounge's share

Est. base rent ~$16/sqft/yr · 3,500 sqft · Class B $4,703/mo
NNN CAM / insurance$705/mo
NNN property tax$280/mo
Personal property tax est — no BPP record $103/mo
Total occupancy $5,791/mo

Occupancy analysis

All-in occupancy cost is 11.3% 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 $617,460 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~38%
Revenue$617,460
COGS (24%)−$148,190
Labor (14%)−$86,444
Occupancy−$62,542
TX MB gross tax (6.7%)−$41,370
Utilities / ins / mktg (8%)−$49,397
Card surcharge net+$6,792
Net profit $236,308
Most Likely
Typical bar, light food program, full two-shift staffing
~29%
Revenue$617,460
COGS (27%)−$166,714
Labor (17%)−$104,968
Occupancy−$69,492
TX MB gross tax (6.7%)−$41,370
Utilities / ins / mktg (10%)−$61,746
Card surcharge net+$6,792
Net profit $179,962
Stressed
Heavy food, larger crew, higher rent
~18%
Revenue$617,460
COGS (30%)−$185,238
Labor (22%)−$135,841
Occupancy−$76,441
TX MB gross tax (6.7%)−$41,370
Utilities / ins / mktg (12%)−$74,095
Card surcharge net+$6,792
Net profit $111,267
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 The Lighthouse Restaurant & Lounge LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $179,962/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 (~$179,962 net) estimated

Revenue multiple
$309k–$494k
0.5–0.8× gross
SDE multiple
$450k–$630k
2.5–3.5× earnings
Cap rate
$545k–$720k
25–33%
Suggested range
$450k–$617k
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 2026-06-13

Lookup pending — check back tomorrow

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