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MB1086010
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Garely's Mexican Restaurant

503 E INTERSTATE 20 STE 124, Midland, TX 79701 · TABC MB1086010

Mixed Beverage Midland Market Enriched 2026-06-19
$822,534 Annual gross (L12M) ▲ 1.5% latest MoM Click for monthly detail
$68,544 Avg monthly ▲ 6.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $231,091/yr est. net Click for cost model
$578k–$809k 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 Mexican Restaurant, liquor is typically only 20–35% of total business revenue. Mexican restaurant. Margaritas + tequila lift the liquor share but food still dominates. Estimated total revenue (rough): $2,350,097 – $4,112,670/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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Garely's Mexican Restaurant is a mixed-beverage licensed establishment at 503 E INTERSTATE 20 STE 124, Midland, Texas (TABC MB1086010). Over the most recent 12 months it reported $822,534 in gross alcohol sales, averaging $68,544/month with a best month of $76,451. Sales mix: ~38% liquor · 62% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $231,091 (~28% margin). Acquisition value is estimated at $578k–$809k 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
$822,534
Avg monthly
$68,544
Best month
$76,451
Oct 2025
Sales mix
38% Liq
62% 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)$7,197/mo
NNN CAM / insurance$1,080/mo
Total occupancy$8,434/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 $822,534 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$822,534
COGS (24%)−$197,408
Labor (14%)−$115,155
Occupancy−$91,092
TX MB gross tax (6.7%)−$55,110
Utilities / ins / mktg (8%)−$65,803
Card surcharge net+$9,048
Net profit $307,015
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$822,534
COGS (27%)−$222,084
Labor (17%)−$139,831
Occupancy−$101,213
TX MB gross tax (6.7%)−$55,110
Utilities / ins / mktg (10%)−$82,253
Card surcharge net+$9,048
Net profit $231,091
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$822,534
COGS (30%)−$246,760
Labor (22%)−$180,957
Occupancy−$111,334
TX MB gross tax (6.7%)−$55,110
Utilities / ins / mktg (12%)−$98,704
Card surcharge net+$9,048
Net profit $138,716
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 Samuel Leyva looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $231,091/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 (~$231,091 net) estimated

Revenue multiple
$411k–$658k
0.5–0.8× gross
SDE multiple
$578k–$809k
2.5–3.5× earnings
Cap rate
$700k–$924k
25–33%
Suggested range
$578k–$809k
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 · Mexican Restaurant

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

We estimate this mexican restaurant pulls $2,350,097–$4,112,670/yr in total revenue (your liquor portion of $822,534 is roughly 20–35% 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
$2,350k–$4,113k
food + liquor + service
Estimated net (10–15%)
$235k–$617k
restaurant margin
Full-business value
$646k–$2,262k
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.