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MB106919153
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Liberty Kitchen

4224 SAN FELIPE ST, Houston, TX 77027 · TABC MB106919153

Mixed Beverage Houston Market Enriched 2026-06-19
$796,695 Annual gross (L12M) ▼ 13.9% latest MoM Click for monthly detail
$66,391 Avg monthly ▼ 14.9% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $193,625/yr est. net Click for cost model
$484k–$678k Est. acquisition range 0.73× 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): $1,770,433 – $3,186,780/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

Liberty Kitchen is a mixed-beverage licensed establishment at 4224 SAN FELIPE ST, Houston, Texas (TABC MB106919153). Over the most recent 12 months it reported $796,695 in gross alcohol sales, averaging $66,391/month with a best month of $80,822. Sales mix: ~49% liquor · 7% beer · 44% wine. The building at this address is owned by PASSCO RIVER OAKS SELF STORAGE DST (55,125 sqft, $12,281,845 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $193,625 (~24% margin). Acquisition value is estimated at $484k–$678k 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
$796,695
Avg monthly
$66,391
Best month
$80,822
Dec 2025
Sales mix
49% Liq
7% Beer · 44% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0451400010045
Property owner (landlord)PASSCO RIVER OAKS SELF STORAGE DST
Total building SF55,125
Assessed value$12,281,845

Liberty Kitchen's share

Est. base rent ~$27/sqft/yr · 3,500 sqft · Class A $7,798/mo
NNN CAM / insurance$1,170/mo
NNN property tax$1,560/mo
Personal property tax est — no BPP record $159/mo
Total occupancy $10,687/mo

Occupancy analysis

All-in occupancy cost is 16.1% 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 $796,695 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$796,695
COGS (24%)−$191,207
Labor (14%)−$111,537
Occupancy−$115,416
TX MB gross tax (6.7%)−$53,379
Utilities / ins / mktg (8%)−$63,736
Card surcharge net+$8,764
Net profit $270,185
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$796,695
COGS (27%)−$215,108
Labor (17%)−$135,438
Occupancy−$128,240
TX MB gross tax (6.7%)−$53,379
Utilities / ins / mktg (10%)−$79,670
Card surcharge net+$8,764
Net profit $193,625
Stressed
Heavy food, larger crew, higher rent
~13%
Revenue$796,695
COGS (30%)−$239,008
Labor (22%)−$175,273
Occupancy−$141,064
TX MB gross tax (6.7%)−$53,379
Utilities / ins / mktg (12%)−$95,603
Card surcharge net+$8,764
Net profit $101,132
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 Culinary Khancepts River Oaks INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $193,625/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 (~$193,625 net) estimated

Revenue multiple
$398k–$637k
0.5–0.8× gross
SDE multiple
$484k–$678k
2.5–3.5× earnings
Cap rate
$587k–$775k
25–33%
Suggested range
$484k–$678k
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 $1,770,433–$3,186,780/yr in total revenue (your liquor portion of $796,695 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
$1,770k–$3,187k
food + liquor + service
Estimated net (10–15%)
$177k–$478k
restaurant margin
Full-business value
$487k–$1,753k
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 2026-06-26

No federal lawsuits — past or pending