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Financials

MB105633818
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Corky's Bar And Grill

6705 ANDREWS HWY, Odessa, TX 79762 · TABC MB105633818

Mixed Beverage Odessa Market Enriched 2026-07-10
$467,759 Annual gross (L12M) ▲ 17.7% latest MoM Click for monthly detail
$38,980 Avg monthly ▲ 13.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $131,343/yr est. net Click for cost model
$328k–$460k 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 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): $1,039,464 – $1,871,036/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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Corky's Bar And Grill is a mixed-beverage licensed establishment at 6705 ANDREWS HWY, Odessa, Texas (TABC MB105633818). Over the most recent 12 months it reported $467,759 in gross alcohol sales, averaging $38,980/month with a best month of $45,639. Sales mix: ~47% liquor · 53% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $131,343 (~28% margin). Acquisition value is estimated at $328k–$460k 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
$467,759
Avg monthly
$38,980
Best month
$45,639
Aug 2025
Sales mix
47% Liq
53% Beer · 0% 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)$4,093/mo
NNN CAM / insurance$614/mo
Total occupancy$4,803/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 $467,759 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$467,759
COGS (24%)−$112,262
Labor (14%)−$65,486
Occupancy−$51,869
TX MB gross tax (6.7%)−$31,340
Utilities / ins / mktg (8%)−$37,421
Card surcharge net+$5,145
Net profit $174,527
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$467,759
COGS (27%)−$126,295
Labor (17%)−$79,519
Occupancy−$57,632
TX MB gross tax (6.7%)−$31,340
Utilities / ins / mktg (10%)−$46,776
Card surcharge net+$5,145
Net profit $131,343
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$467,759
COGS (30%)−$140,328
Labor (22%)−$102,907
Occupancy−$63,395
TX MB gross tax (6.7%)−$31,340
Utilities / ins / mktg (12%)−$56,131
Card surcharge net+$5,145
Net profit $78,804
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 Corky's Bar And Grill L.L.C looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $131,343/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 (~$131,343 net) estimated

Revenue multiple
$234k–$374k
0.5–0.8× gross
SDE multiple
$328k–$460k
2.5–3.5× earnings
Cap rate
$398k–$525k
25–33%
Suggested range
$328k–$460k
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 $1,039,464–$1,871,036/yr in total revenue (your liquor portion of $467,759 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
$1,039k–$1,871k
food + liquor + service
Estimated net (10–15%)
$104k–$281k
restaurant margin
Full-business value
$286k–$1,029k
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 2026-06-27

No federal lawsuits — past or pending