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MB106281456
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Saltgrass Steakhouse

1001 AVENIDA DE LAS AMERICAS STE B, Houston, TX 77010 · TABC MB106281456

Mixed Beverage Houston Market Enriched 2026-06-19
$813,278 Annual gross (L12M) ▼ 24.3% latest MoM Click for monthly detail
$67,773 Avg monthly ▲ 21.1% latest vs avg Click for monthly detail
~-2892% Est. net margin (likely) $-23,518,689/yr est. net Click for cost model
$407k–$-82,315k Est. acquisition range -50.36× 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $2,033,195 – $3,253,112/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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Saltgrass Steakhouse is a mixed-beverage licensed establishment at 1001 AVENIDA DE LAS AMERICAS STE B, Houston, Texas (TABC MB106281456). Over the most recent 12 months it reported $813,278 in gross alcohol sales, averaging $67,773/month with a best month of $108,438. Sales mix: ~64% liquor · 26% beer · 11% wine. The building at this address is owned by CITY OF HOUSTON PARCEL N82-1 (4,929 sqft, $216,792,262 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-23,518,689 (~-2892% margin). Acquisition value is estimated at $407k–$-82,315k 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
$813,278
Avg monthly
$67,773
Best month
$108,438
Mar 2026
Sales mix
64% Liq
26% Beer · 11% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1372200010001
Property owner (landlord)CITY OF HOUSTON PARCEL N82-1
Total building SF whole parcel — Saltgrass Steakhouse is in STE B4,929
Saltgrass Steakhouse's footprint estimated — suite-level not on file 3,500 sf
Assessed value$216,792,262

Saltgrass Steakhouse's share

Est. base rent ~$5278/sqft/yr · 3,500 sqft · Class A $1,539,405/mo
NNN CAM / insurance$230,911/mo
NNN property tax$216,792/mo
Personal property tax est — no BPP record $163/mo
Total occupancy $1,987,271/mo

Occupancy analysis

All-in occupancy cost is 2932.2% 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 $813,278 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-2591%
Revenue$813,278
COGS (24%)−$195,187
Labor (14%)−$113,859
Occupancy−$21,462,528
TX MB gross tax (6.7%)−$54,490
Utilities / ins / mktg (8%)−$65,062
Card surcharge net+$8,946
Net profit $-21,068,902
Most Likely
Typical bar, light food program, full two-shift staffing
~-2892%
Revenue$813,278
COGS (27%)−$219,585
Labor (17%)−$138,257
Occupancy−$23,847,253
TX MB gross tax (6.7%)−$54,490
Utilities / ins / mktg (10%)−$81,328
Card surcharge net+$8,946
Net profit $-23,518,689
Stressed
Heavy food, larger crew, higher rent
~-3195%
Revenue$813,278
COGS (30%)−$243,983
Labor (22%)−$178,921
Occupancy−$26,231,979
TX MB gross tax (6.7%)−$54,490
Utilities / ins / mktg (12%)−$97,593
Card surcharge net+$8,946
Net profit $-25,984,742
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 Saltgrass INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-23,518,689/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 (~$-23,518,689 net) estimated

Revenue multiple
$407k–$651k
0.5–0.8× gross
SDE multiple
$-58,797k–$-82,315k
2.5–3.5× earnings
Cap rate
$-71,269k–$-94,075k
25–33%
Suggested range
$407k–$-82,315k
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.
Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $2,033,195–$3,253,112/yr in total revenue (your liquor portion of $813,278 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue
$2,033k–$3,253k
food + liquor + service
Estimated net (10–15%)
$203k–$488k
restaurant margin
Full-business value
$559k–$1,789k
blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-05-22

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