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Financials

MB1068127
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The Bar & Grill

2150 WALDRON RD, Corpus Christi, TX 78418 · TABC MB1068127

Mixed Beverage Corpus Christi Market Enriched 2026-09-12
$245,638 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$20,470 Avg monthly ▲ 9.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $68,427/yr est. net Click for cost model
$171k–$239k 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $545,862 – $982,552/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

The Bar & Grill is a mixed-beverage licensed establishment at 2150 WALDRON RD, Corpus Christi, Texas (TABC MB1068127). Over the most recent 12 months it reported $245,638 in gross alcohol sales, averaging $20,470/month with a best month of $22,465. Sales mix: ~66% liquor · 29% beer · 5% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $68,427 (~28% margin). Acquisition value is estimated at $171k–$239k 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
$245,638
Avg monthly
$20,470
Best month
$22,465
Oct 2025
Sales mix
66% Liq
29% Beer · 5% 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)$2,149/mo
NNN CAM / insurance$322/mo
Total occupancy$2,568/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 $245,638 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$245,638
COGS (24%)−$58,953
Labor (14%)−$34,389
Occupancy−$27,730
TX MB gross tax (6.7%)−$16,458
Utilities / ins / mktg (8%)−$19,651
Card surcharge net+$2,702
Net profit $91,159
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$245,638
COGS (27%)−$66,322
Labor (17%)−$41,758
Occupancy−$30,811
TX MB gross tax (6.7%)−$16,458
Utilities / ins / mktg (10%)−$24,564
Card surcharge net+$2,702
Net profit $68,427
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$245,638
COGS (30%)−$73,691
Labor (22%)−$54,040
Occupancy−$33,892
TX MB gross tax (6.7%)−$16,458
Utilities / ins / mktg (12%)−$29,477
Card surcharge net+$2,702
Net profit $40,782
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 Gb&L Eatery LLC looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $68,427/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 (~$68,427 net) estimated

Revenue multiple
$123k–$197k
0.5–0.8× gross
SDE multiple
$171k–$239k
2.5–3.5× earnings
Cap rate
$207k–$274k
25–33%
Suggested range
$171k–$239k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $545,862–$982,552/yr in total revenue (your liquor portion of $245,638 is roughly 25–45% 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
$546k–$983k
food + liquor + service
Estimated net (10–15%)
$55k–$147k
restaurant margin
Full-business value
$150k–$540k
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 2026-09-01

Lookup pending — check back tomorrow

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