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Financials

MB1080224
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Broken Tap

640 N ED CAREY DR, Harlingen, TX 78550 · TABC MB1080224

Mixed Beverage Harlingen Market Enriched 2026-07-10
$366,448 Annual gross (L12M) ▲ 27.1% latest MoM Click for monthly detail
$30,537 Avg monthly ▲ 20.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $102,646/yr est. net Click for cost model
$257k–$359k 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 Beer Bar, liquor is typically only 90–98% of total business revenue. Beer-only, minimal food. Estimated total revenue (rough): $373,927 – $407,164/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

Broken Tap is a mixed-beverage licensed establishment at 640 N ED CAREY DR, Harlingen, Texas (TABC MB1080224). Over the most recent 12 months it reported $366,448 in gross alcohol sales, averaging $30,537/month with a best month of $36,696. Sales mix: ~43% liquor · 57% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $102,646 (~28% margin). Acquisition value is estimated at $257k–$359k 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
$366,448
Avg monthly
$30,537
Best month
$36,696
May 2026
Sales mix
43% Liq
57% Beer · 0% 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)$3,206/mo
NNN CAM / insurance$481/mo
Total occupancy$3,783/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 $366,448 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$366,448
COGS (24%)−$87,948
Labor (14%)−$51,303
Occupancy−$40,859
TX MB gross tax (6.7%)−$24,552
Utilities / ins / mktg (8%)−$29,316
Card surcharge net+$4,031
Net profit $136,502
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$366,448
COGS (27%)−$98,941
Labor (17%)−$62,296
Occupancy−$45,399
TX MB gross tax (6.7%)−$24,552
Utilities / ins / mktg (10%)−$36,645
Card surcharge net+$4,031
Net profit $102,646
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$366,448
COGS (30%)−$109,934
Labor (22%)−$80,619
Occupancy−$49,938
TX MB gross tax (6.7%)−$24,552
Utilities / ins / mktg (12%)−$43,974
Card surcharge net+$4,031
Net profit $61,462
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 Ppo Development LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $102,646/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 (~$102,646 net) estimated

Revenue multiple
$183k–$293k
0.5–0.8× gross
SDE multiple
$257k–$359k
2.5–3.5× earnings
Cap rate
$311k–$411k
25–33%
Suggested range
$257k–$359k
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 2026-06-13

No federal lawsuits — past or pending