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Financials

MB105968215
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Bluewater Seafood

6107 FM 1960 RD W, Houston, TX 77069 · TABC MB105968215

Mixed Beverage Houston Market Enriched 2026-09-10
$340,254 Annual gross (L12M) ▼ 11.1% latest MoM Click for monthly detail
$28,354 Avg monthly ▼ 9.9% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $76,217/yr est. net Click for cost model
$191k–$267k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $340,254 – $378,060/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

Bluewater Seafood is a mixed-beverage licensed establishment at 6107 FM 1960 RD W, Houston, Texas (TABC MB105968215). Over the most recent 12 months it reported $340,254 in gross alcohol sales, averaging $28,354/month with a best month of $43,410. Sales mix: ~52% liquor · 39% beer · 9% wine. The building at this address is owned by INTOWN SUITES KIETH HARROW (23,046 sqft, $5,509,614 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $76,217 (~22% margin). Acquisition value is estimated at $191k–$267k 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
$340,254
Avg monthly
$28,354
Best month
$43,410
Mar 2026
Sales mix
52% Liq
39% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1188680010005
Property owner (landlord)INTOWN SUITES KIETH HARROW
Total building SF23,046
Assessed value$5,509,614

Bluewater Seafood's share

Est. base rent ~$16/sqft/yr · 2,500 sqft · Class A $3,312/mo
NNN CAM / insurance$497/mo
NNN property tax$1,195/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,104/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 $340,254 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$340,254
COGS (24%)−$81,661
Labor (14%)−$47,636
Occupancy−$55,121
TX MB gross tax (6.7%)−$22,797
Utilities / ins / mktg (8%)−$27,220
Card surcharge net+$3,743
Net profit $109,562
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$340,254
COGS (27%)−$91,869
Labor (17%)−$57,843
Occupancy−$61,246
TX MB gross tax (6.7%)−$22,797
Utilities / ins / mktg (10%)−$34,025
Card surcharge net+$3,743
Net profit $76,217
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$340,254
COGS (30%)−$102,076
Labor (22%)−$74,856
Occupancy−$67,370
TX MB gross tax (6.7%)−$22,797
Utilities / ins / mktg (12%)−$40,830
Card surcharge net+$3,743
Net profit $36,067
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 Brad Ping Venture INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $76,217/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 (~$76,217 net) estimated

Revenue multiple
$170k–$272k
0.5–0.8× gross
SDE multiple
$191k–$267k
2.5–3.5× earnings
Cap rate
$231k–$305k
25–33%
Suggested range
$191k–$267k
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 2026-05-29

Lookup pending — check back tomorrow

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