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Financials

MB106208496
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Room 111 & Parlor

111 W CENTER ST, Kyle, TX 78640 · TABC MB106208496

Mixed Beverage Kyle Market Enriched 2026-07-12
$432,477 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$36,040 Avg monthly ▲ 14.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $121,449/yr est. net Click for cost model
$304k–$425k Est. acquisition range 0.84× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $455,239 – $508,796/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

Room 111 & Parlor is a mixed-beverage licensed establishment at 111 W CENTER ST, Kyle, Texas (TABC MB106208496). Over the most recent 12 months it reported $432,477 in gross alcohol sales, averaging $36,040/month with a best month of $41,140. Sales mix: ~50% liquor · 50% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $121,449 (~28% margin). Acquisition value is estimated at $304k–$425k 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
$432,477
Avg monthly
$36,040
Best month
$41,140
May 2026
Sales mix
50% Liq
50% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Detailed property records not available for this location. Occupancy below uses submarket heuristics only.

Estimated occupancy heuristic

Est. base rent (10.5% of gross)$3,784/mo
NNN CAM / insurance$568/mo
Total occupancy$4,439/mo

Note

County property records couldn't be matched to this address. Occupancy is modeled from a revenue-based heuristic and is less accurate than a direct property record match.

Profit scenarios

Texas bar cost model applied to $432,477 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$432,477
COGS (24%)−$103,794
Labor (14%)−$60,547
Occupancy−$47,944
TX MB gross tax (6.7%)−$28,976
Utilities / ins / mktg (8%)−$34,598
Card surcharge net+$4,757
Net profit $161,374
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$432,477
COGS (27%)−$116,769
Labor (17%)−$73,521
Occupancy−$53,272
TX MB gross tax (6.7%)−$28,976
Utilities / ins / mktg (10%)−$43,248
Card surcharge net+$4,757
Net profit $121,449
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$432,477
COGS (30%)−$129,743
Labor (22%)−$95,145
Occupancy−$58,599
TX MB gross tax (6.7%)−$28,976
Utilities / ins / mktg (12%)−$51,897
Card surcharge net+$4,757
Net profit $72,874
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 Castillo Concepts LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $121,449/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 (~$121,449 net) estimated

Revenue multiple
$216k–$346k
0.5–0.8× gross
SDE multiple
$304k–$425k
2.5–3.5× earnings
Cap rate
$368k–$486k
25–33%
Suggested range
$304k–$425k
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

1 case on file · public records

1 federal case
1 contract
As defendant in 1 case
Most recent filing
Joe Hand Promotions, Inc. v. Castillo Concepts LLC
TXWD · 2022-09-15 · CLOSED
Public records, last checked 2026-06-25