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MB1066402
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Preslee's

1430 W 19TH ST, Houston, TX 77008 · TABC MB1066402

Mixed Beverage Houston Market Enriched 2026-06-19
$862,220 Annual gross (L12M) ▼ 31.8% latest MoM Click for monthly detail
$71,852 Avg monthly ▲ 22.2% latest vs avg Click for monthly detail
~-103% Est. net margin (likely) $-886,330/yr est. net Click for cost model
$431k–$-3,102k Est. acquisition range -1.55× 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): $862,220 – $958,022/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

Preslee's is a mixed-beverage licensed establishment at 1430 W 19TH ST, Houston, Texas (TABC MB1066402). Over the most recent 12 months it reported $862,220 in gross alcohol sales, averaging $71,852/month with a best month of $128,700. Sales mix: ~61% liquor · 30% beer · 9% wine. The building at this address is owned by SSTX 1770 E TC JESTER BLVD LLC (7,687 sqft, $16,710,724 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-886,330 (~-103% margin). Acquisition value is estimated at $431k–$-3,102k 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
$862,220
Avg monthly
$71,852
Best month
$128,700
Mar 2026
Sales mix
61% Liq
30% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1219810010001
Property owner (landlord)SSTX 1770 E TC JESTER BLVD LLC
Total building SF7,687
Assessed value$16,710,724

Preslee's's share

Est. base rent ~$261/sqft/yr · 3,500 sqft · Class A $76,086/mo
NNN CAM / insurance$11,413/mo
NNN property tax$15,217/mo
Personal property tax est — no BPP record $172/mo
Total occupancy $102,889/mo

Occupancy analysis

All-in occupancy cost is 143.2% 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 $862,220 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-80%
Revenue$862,220
COGS (24%)−$206,933
Labor (14%)−$120,711
Occupancy−$1,111,201
TX MB gross tax (6.7%)−$57,769
Utilities / ins / mktg (8%)−$68,978
Card surcharge net+$9,484
Net profit $-693,886
Most Likely
Typical bar, light food program, full two-shift staffing
~-103%
Revenue$862,220
COGS (27%)−$232,799
Labor (17%)−$146,577
Occupancy−$1,234,667
TX MB gross tax (6.7%)−$57,769
Utilities / ins / mktg (10%)−$86,222
Card surcharge net+$9,484
Net profit $-886,330
Stressed
Heavy food, larger crew, higher rent
~-127%
Revenue$862,220
COGS (30%)−$258,666
Labor (22%)−$189,688
Occupancy−$1,358,134
TX MB gross tax (6.7%)−$57,769
Utilities / ins / mktg (12%)−$103,466
Card surcharge net+$9,484
Net profit $-1,096,019
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 Preslee's Heights LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-886,330/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 (~$-886,330 net) estimated

Revenue multiple
$431k–$690k
0.5–0.8× gross
SDE multiple
$-2,216k–$-3,102k
2.5–3.5× earnings
Cap rate
$-2,686k–$-3,545k
25–33%
Suggested range
$431k–$-3,102k
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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