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Financials

MB106034588
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The Friendly Spot Ice House

943 S ALAMO ST, San Antonio, TX 78205 · TABC MB106034588

Mixed Beverage San Antonio Market Enriched 2026-07-12
$670,616 Annual gross (L12M) ▲ 53.6% latest MoM Click for monthly detail
$55,885 Avg monthly ▲ 91.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $189,652/yr est. net Click for cost model
$474k–$664k Est. acquisition range 0.85× 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 Icehouse, liquor is typically only 90–98% of total business revenue. Beer-led, minimal food. Estimated total revenue (rough): $684,302 – $745,129/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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The Friendly Spot Ice House is a mixed-beverage licensed establishment at 943 S ALAMO ST, San Antonio, Texas (TABC MB106034588). Over the most recent 12 months it reported $670,616 in gross alcohol sales, averaging $55,885/month with a best month of $106,794. Sales mix: ~32% liquor · 67% beer · 1% wine. The building at this address is owned by CHAVEZ ADOLPH V & EUDELIA C (2,891 sqft, $479,600 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $189,652 (~28% margin). Acquisition value is estimated at $474k–$664k 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
$670,616
Avg monthly
$55,885
Best month
$106,794
May 2026
Sales mix
32% Liq
67% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID108375
Property owner (landlord)CHAVEZ ADOLPH V & EUDELIA C
Total building SF2,891
Assessed value$479,600

The Friendly Spot Ice House's share

Est. base rent ~$18/sqft/yr · 3,500 sqft · Class B $5,322/mo
NNN CAM / insurance$798/mo
NNN property tax$460/mo
Personal property tax own fixtures · Prop 1141663 $9/mo
Total occupancy $6,590/mo

Occupancy analysis

All-in occupancy cost is 11.8% 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 $670,616 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$670,616
COGS (24%)−$160,948
Labor (14%)−$93,886
Occupancy−$71,170
TX MB gross tax (6.7%)−$44,931
Utilities / ins / mktg (8%)−$53,649
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$7,377
Net profit $251,209
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$670,616
COGS (27%)−$181,066
Labor (17%)−$114,005
Occupancy−$79,077
TX MB gross tax (6.7%)−$44,931
Utilities / ins / mktg (10%)−$67,062
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$7,377
Net profit $189,652
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$670,616
COGS (30%)−$201,185
Labor (22%)−$147,536
Occupancy−$86,985
TX MB gross tax (6.7%)−$44,931
Utilities / ins / mktg (12%)−$80,474
Music licensingASCAP + BMI + SESAC + GMR combined−$2,200
Card surcharge net+$7,377
Net profit $114,682
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 Sencha LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $189,652/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 (~$189,652 net) estimated

Revenue multiple
$335k–$536k
0.5–0.8× gross
SDE multiple
$474k–$664k
2.5–3.5× earnings
Cap rate
$575k–$759k
25–33%
Suggested range
$474k–$664k
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 2026-07-08

Lookup pending — check back tomorrow

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