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MB106215778
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Jwang Investments INC

449 W 19TH ST STE C100, Houston, TX 77008 · TABC MB106215778

Mixed Beverage Houston Market Enriched 2026-07-10
$243,196 Annual gross (L12M) ▲ 1.8% latest MoM Click for monthly detail
$20,266 Avg monthly ▼ 1.0% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $54,476/yr est. net Click for cost model
$136k–$191k 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): $243,196 – $270,218/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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Jwang Investments INC is a mixed-beverage licensed establishment at 449 W 19TH ST STE C100, Houston, Texas (TABC MB106215778). Over the most recent 12 months it reported $243,196 in gross alcohol sales, averaging $20,266/month with a best month of $24,721. Sales mix: ~58% liquor · 25% beer · 17% wine. The building at this address is owned by NRP HEIGHTS MARKETPLACE OWNER LP (10,595 sqft, $5,790,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $54,476 (~22% margin). Acquisition value is estimated at $136k–$191k 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
$243,196
Avg monthly
$20,266
Best month
$24,721
Dec 2025
Sales mix
58% Liq
25% Beer · 17% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1219040010001
Property owner (landlord)NRP HEIGHTS MARKETPLACE OWNER LP
Total building SF whole parcel — Jwang Investments INC is in STE C10010,595
Jwang Investments INC's footprint estimated — suite-level not on file 2,500 sf
Assessed value$5,790,000

Jwang Investments INC's share

Est. base rent ~$3/sqft/yr · 2,500 sqft · Class A $709/mo
NNN CAM / insurance$106/mo
NNN property tax$2,732/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $3,648/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 $243,196 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$243,196
COGS (24%)−$58,367
Labor (14%)−$34,047
Occupancy−$39,398
TX MB gross tax (6.7%)−$16,294
Utilities / ins / mktg (8%)−$19,456
Card surcharge net+$2,675
Net profit $78,309
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$243,196
COGS (27%)−$65,663
Labor (17%)−$41,343
Occupancy−$43,775
TX MB gross tax (6.7%)−$16,294
Utilities / ins / mktg (10%)−$24,320
Card surcharge net+$2,675
Net profit $54,476
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$243,196
COGS (30%)−$72,959
Labor (22%)−$53,503
Occupancy−$48,153
TX MB gross tax (6.7%)−$16,294
Utilities / ins / mktg (12%)−$29,184
Card surcharge net+$2,675
Net profit $25,779
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 Jwang Investments INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $54,476/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 (~$54,476 net) estimated

Revenue multiple
$122k–$195k
0.5–0.8× gross
SDE multiple
$136k–$191k
2.5–3.5× earnings
Cap rate
$165k–$218k
25–33%
Suggested range
$136k–$191k
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 2026-06-30

Lookup pending — check back tomorrow

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