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Financials

MB106852471
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Walk On's Sports Bistreaux

4605 WHITMAN DR, Midland, TX 79705 · TABC MB106852471

Mixed Beverage Midland Market Enriched 2026-06-15
$1,640,992 Annual gross (L12M) ▼ 18.3% latest MoM Click for monthly detail
$136,749 Avg monthly ▼ 10.0% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $461,037/yr est. net Click for cost model
$1,153k–$1,614k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $2,344,274 – $3,281,984/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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Walk On's Sports Bistreaux is a mixed-beverage licensed establishment at 4605 WHITMAN DR, Midland, Texas (TABC MB106852471). Over the most recent 12 months it reported $1,640,992 in gross alcohol sales, averaging $136,749/month with a best month of $153,567. Sales mix: ~37% liquor · 57% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $461,037 (~28% margin). Acquisition value is estimated at $1,153k–$1,614k 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
$1,640,992
Avg monthly
$136,749
Best month
$153,567
Oct 2025
Sales mix
37% Liq
57% Beer · 6% 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)$14,359/mo
NNN CAM / insurance$2,154/mo
Total occupancy$16,827/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 $1,640,992 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$1,640,992
COGS (24%)−$393,838
Labor (14%)−$229,739
Occupancy−$181,732
TX MB gross tax (6.7%)−$109,946
Utilities / ins / mktg (8%)−$131,279
Card surcharge net+$18,051
Net profit $612,508
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$1,640,992
COGS (27%)−$443,068
Labor (17%)−$278,969
Occupancy−$201,924
TX MB gross tax (6.7%)−$109,946
Utilities / ins / mktg (10%)−$164,099
Card surcharge net+$18,051
Net profit $461,037
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$1,640,992
COGS (30%)−$492,298
Labor (22%)−$361,018
Occupancy−$222,116
TX MB gross tax (6.7%)−$109,946
Utilities / ins / mktg (12%)−$196,919
Card surcharge net+$18,051
Net profit $276,745
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 Slam-Dunk Food #2 L.L.C looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $461,037/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 (~$461,037 net) estimated

Revenue multiple
$820k–$1.31M
0.5–0.8× gross
SDE multiple
$1.15M–$1.61M
2.5–3.5× earnings
Cap rate
$1.40M–$1.84M
25–33%
Suggested range
$1,153k–$1,614k
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 2026-05-24

Lookup pending — check back tomorrow

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