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Financials

MB106029967
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Southern Belle @ Gate C44

3100 N TERMINAL RD C/O GATE C44 TERMCS SP TCFS-4, Houston, TX 77032 · TABC MB106029967

Mixed Beverage Houston Market Enriched 2026-09-06
$450,054 Annual gross (L12M) ▲ 2.6% latest MoM Click for monthly detail
$37,504 Avg monthly ▲ 9.9% latest vs avg Click for monthly detail
~25% Est. net margin (likely) $112,900/yr est. net Click for cost model
$282k–$395k Est. acquisition range 0.75× 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): $450,054 – $500,060/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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Southern Belle @ Gate C44 is a mixed-beverage licensed establishment at 3100 N TERMINAL RD C/O GATE C44 TERMCS SP TCFS-4, Houston, Texas (TABC MB106029967). Over the most recent 12 months it reported $450,054 in gross alcohol sales, averaging $37,504/month with a best month of $42,397. Sales mix: ~49% liquor · 38% beer · 13% wine. The building at this address is owned by MARRIOTT CORP (363,469 sqft, $70,833,408 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $112,900 (~25% margin). Acquisition value is estimated at $282k–$395k 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
$450,054
Avg monthly
$37,504
Best month
$42,397
Mar 2026
Sales mix
49% Liq
38% Beer · 13% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0441130001017
Property owner (landlord)MARRIOTT CORP
Total building SF363,469
Assessed value$70,833,408

Southern Belle @ Gate C44's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $4,060/mo
NNN CAM / insurance$609/mo
NNN property tax$974/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,743/mo

Occupancy analysis

All-in occupancy cost is 15.3% 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 $450,054 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~35%
Revenue$450,054
COGS (24%)−$108,013
Labor (14%)−$63,008
Occupancy−$62,029
TX MB gross tax (6.7%)−$30,154
Utilities / ins / mktg (8%)−$36,004
Card surcharge net+$4,951
Net profit $155,797
Most Likely
Typical bar, light food program, full two-shift staffing
~25%
Revenue$450,054
COGS (27%)−$121,515
Labor (17%)−$76,509
Occupancy−$68,921
TX MB gross tax (6.7%)−$30,154
Utilities / ins / mktg (10%)−$45,005
Card surcharge net+$4,951
Net profit $112,900
Stressed
Heavy food, larger crew, higher rent
~14%
Revenue$450,054
COGS (30%)−$135,016
Labor (22%)−$99,012
Occupancy−$75,813
TX MB gross tax (6.7%)−$30,154
Utilities / ins / mktg (12%)−$54,006
Card surcharge net+$4,951
Net profit $61,003
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 Otg Management Iah LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $112,900/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 (~$112,900 net) estimated

Revenue multiple
$225k–$360k
0.5–0.8× gross
SDE multiple
$282k–$395k
2.5–3.5× earnings
Cap rate
$342k–$452k
25–33%
Suggested range
$282k–$395k
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 2026-06-10

Lookup pending — check back tomorrow

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