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MB106299633
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Saltgrass Steakhouse

1141 N INTERSTATE 35, San Marcos, TX 78666 · TABC MB106299633

Mixed Beverage San Marcos Market Enriched 2026-07-11
$448,700 Annual gross (L12M) ▲ 35.8% latest MoM Click for monthly detail
$37,392 Avg monthly ▲ 16.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $126,044/yr est. net Click for cost model
$315k–$441k 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 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): $1,121,750 – $1,794,800/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

Saltgrass Steakhouse is a mixed-beverage licensed establishment at 1141 N INTERSTATE 35, San Marcos, Texas (TABC MB106299633). Over the most recent 12 months it reported $448,700 in gross alcohol sales, averaging $37,392/month with a best month of $49,587. Sales mix: ~64% liquor · 21% beer · 15% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $126,044 (~28% margin). Acquisition value is estimated at $315k–$441k 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
$448,700
Avg monthly
$37,392
Best month
$49,587
Dec 2025
Sales mix
64% Liq
21% Beer · 15% 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)$3,926/mo
NNN CAM / insurance$589/mo
Total occupancy$4,603/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 $448,700 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$448,700
COGS (24%)−$107,688
Labor (14%)−$62,818
Occupancy−$49,707
TX MB gross tax (6.7%)−$30,063
Utilities / ins / mktg (8%)−$35,896
Card surcharge net+$4,936
Net profit $167,463
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$448,700
COGS (27%)−$121,149
Labor (17%)−$76,279
Occupancy−$55,231
TX MB gross tax (6.7%)−$30,063
Utilities / ins / mktg (10%)−$44,870
Card surcharge net+$4,936
Net profit $126,044
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$448,700
COGS (30%)−$134,610
Labor (22%)−$98,714
Occupancy−$60,754
TX MB gross tax (6.7%)−$30,063
Utilities / ins / mktg (12%)−$53,844
Card surcharge net+$4,936
Net profit $75,651
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 $126,044/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 (~$126,044 net) estimated

Revenue multiple
$224k–$359k
0.5–0.8× gross
SDE multiple
$315k–$441k
2.5–3.5× earnings
Cap rate
$382k–$504k
25–33%
Suggested range
$315k–$441k
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 $1,121,750–$1,794,800/yr in total revenue (your liquor portion of $448,700 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
$1,122k–$1,795k
food + liquor + service
Estimated net (10–15%)
$112k–$269k
restaurant margin
Full-business value
$308k–$987k
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

Lookup pending — check back tomorrow

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