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MB105647819
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La Fisheria

213 MILAM ST, Houston, TX 77002 · TABC MB105647819

Mixed Beverage Houston Market Enriched 2026-08-19
$413,009 Annual gross (L12M) ▲ 10.0% latest MoM Click for monthly detail
$34,417 Avg monthly ▲ 17.1% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $92,514/yr est. net Click for cost model
$231k–$324k Est. acquisition range 0.67× 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $434,746 – $516,261/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

Click to expand full narrative

La Fisheria is a mixed-beverage licensed establishment at 213 MILAM ST, Houston, Texas (TABC MB105647819). Over the most recent 12 months it reported $413,009 in gross alcohol sales, averaging $34,417/month with a best month of $42,120. Sales mix: ~75% liquor · 17% beer · 8% wine. The building at this address is owned by 801 CONGRESS PURCHASE LLC (14,281 sqft, $3,770,622 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $92,514 (~22% margin). Acquisition value is estimated at $231k–$324k 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
$413,009
Avg monthly
$34,417
Best month
$42,120
Aug 2025
Sales mix
75% Liq
17% Beer · 8% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0010190000004
Property owner (landlord)801 CONGRESS PURCHASE LLC
Total building SF14,281
Assessed value$3,770,622

La Fisheria's share

Est. base rent ~$20/sqft/yr · 2,500 sqft · Class A $4,152/mo
NNN CAM / insurance$623/mo
NNN property tax$1,320/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $6,195/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $413,009 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$413,009
COGS (24%)−$99,122
Labor (14%)−$57,821
Occupancy−$66,907
TX MB gross tax (6.7%)−$27,672
Utilities / ins / mktg (8%)−$33,041
Card surcharge net+$4,543
Net profit $132,989
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$413,009
COGS (27%)−$111,512
Labor (17%)−$70,212
Occupancy−$74,342
TX MB gross tax (6.7%)−$27,672
Utilities / ins / mktg (10%)−$41,301
Card surcharge net+$4,543
Net profit $92,514
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$413,009
COGS (30%)−$123,903
Labor (22%)−$90,862
Occupancy−$81,776
TX MB gross tax (6.7%)−$27,672
Utilities / ins / mktg (12%)−$49,561
Card surcharge net+$4,543
Net profit $43,779
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 La Fisheria Houston LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $92,514/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 (~$92,514 net) estimated

Revenue multiple
$207k–$330k
0.5–0.8× gross
SDE multiple
$231k–$324k
2.5–3.5× earnings
Cap rate
$280k–$370k
25–33%
Suggested range
$231k–$324k
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 2026-06-27

Lookup pending — check back tomorrow

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