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Financials

MB105778297
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O2 Lounge

3003 FONDREN RD STE 4, Houston, TX 77063 · TABC MB105778297

Mixed Beverage Houston Market Enriched 2026-07-12
$480,027 Annual gross (L12M) ▲ 184.0% latest MoM Click for monthly detail
$40,002 Avg monthly ▲ 66.7% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $107,526/yr est. net Click for cost model
$269k–$376k 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 Lounge, liquor is typically only 75–90% of total business revenue. Mostly bar program. Estimated total revenue (rough): $533,363 – $640,036/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

O2 Lounge is a mixed-beverage licensed establishment at 3003 FONDREN RD STE 4, Houston, Texas (TABC MB105778297). Over the most recent 12 months it reported $480,027 in gross alcohol sales, averaging $40,002/month with a best month of $66,687. Sales mix: ~89% liquor · 2% beer · 9% wine. The building at this address is owned by TMK REALTY LLC (2,689 sqft, $1,714,739 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $107,526 (~22% margin). Acquisition value is estimated at $269k–$376k 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
$480,027
Avg monthly
$40,002
Best month
$66,687
May 2026
Sales mix
89% Liq
2% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0973980000002
Property owner (landlord)TMK REALTY LLC
Total building SF whole parcel — O2 Lounge is in STE 42,689
O2 Lounge's footprint estimated — suite-level not on file 2,500 sf
Assessed value$1,714,739

O2 Lounge's share

Est. base rent ~$22/sqft/yr · 2,500 sqft · Class A $4,683/mo
NNN CAM / insurance$702/mo
NNN property tax$1,715/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $7,200/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 $480,027 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$480,027
COGS (24%)−$115,206
Labor (14%)−$67,204
Occupancy−$77,764
TX MB gross tax (6.7%)−$32,162
Utilities / ins / mktg (8%)−$38,402
Card surcharge net+$5,280
Net profit $154,569
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$480,027
COGS (27%)−$129,607
Labor (17%)−$81,605
Occupancy−$86,405
TX MB gross tax (6.7%)−$32,162
Utilities / ins / mktg (10%)−$48,003
Card surcharge net+$5,280
Net profit $107,526
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$480,027
COGS (30%)−$144,008
Labor (22%)−$105,606
Occupancy−$95,045
TX MB gross tax (6.7%)−$32,162
Utilities / ins / mktg (12%)−$57,603
Card surcharge net+$5,280
Net profit $50,883
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 O2 Lounge LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $107,526/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 (~$107,526 net) estimated

Revenue multiple
$240k–$384k
0.5–0.8× gross
SDE multiple
$269k–$376k
2.5–3.5× earnings
Cap rate
$326k–$430k
25–33%
Suggested range
$269k–$376k
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 2026-06-03

Lookup pending — check back tomorrow

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