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MB1077822
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Cheddar's Scratch Kitchen #2199

2520 INTERSTATE 45 N, Conroe, TX 77303 · TABC MB1077822

Mixed Beverage Conroe Market Enriched 2026-09-10
$251,146 Annual gross (L12M) ▼ 18.8% latest MoM Click for monthly detail
$20,929 Avg monthly ▼ 18.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $70,037/yr est. net Click for cost model
$175k–$245k 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): $558,102 – $1,004,584/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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Cheddar's Scratch Kitchen #2199 is a mixed-beverage licensed establishment at 2520 INTERSTATE 45 N, Conroe, Texas (TABC MB1077822). Over the most recent 12 months it reported $251,146 in gross alcohol sales, averaging $20,929/month with a best month of $25,981. Sales mix: ~75% liquor · 17% beer · 8% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $70,037 (~28% margin). Acquisition value is estimated at $175k–$245k 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
$251,146
Avg monthly
$20,929
Best month
$25,981
May 2026
Sales mix
75% Liq
17% Beer · 8% 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)$2,198/mo
NNN CAM / insurance$330/mo
Total occupancy$2,619/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 $251,146 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$251,146
COGS (24%)−$60,275
Labor (14%)−$35,160
Occupancy−$28,283
TX MB gross tax (6.7%)−$16,827
Utilities / ins / mktg (8%)−$20,092
Card surcharge net+$2,763
Net profit $93,271
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$251,146
COGS (27%)−$67,809
Labor (17%)−$42,695
Occupancy−$31,426
TX MB gross tax (6.7%)−$16,827
Utilities / ins / mktg (10%)−$25,115
Card surcharge net+$2,763
Net profit $70,037
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$251,146
COGS (30%)−$75,344
Labor (22%)−$55,252
Occupancy−$34,568
TX MB gross tax (6.7%)−$16,827
Utilities / ins / mktg (12%)−$30,138
Card surcharge net+$2,763
Net profit $41,780
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 Cheddar's Casual Cafe INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $70,037/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 (~$70,037 net) estimated

Revenue multiple
$126k–$201k
0.5–0.8× gross
SDE multiple
$175k–$245k
2.5–3.5× earnings
Cap rate
$212k–$280k
25–33%
Suggested range
$175k–$245k
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 $558,102–$1,004,584/yr in total revenue (your liquor portion of $251,146 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
$558k–$1,005k
food + liquor + service
Estimated net (10–15%)
$56k–$151k
restaurant margin
Full-business value
$153k–$553k
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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