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MB1086555
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Cheddar's Scratch Kitchen #2194

2540 S INTERSTATE 35, San Marcos, TX 78666 · TABC MB1086555

Mixed Beverage San Marcos Market Enriched 2026-07-12
$290,959 Annual gross (L12M) ▲ 36.3% latest MoM Click for monthly detail
$24,247 Avg monthly ▲ 18.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $81,364/yr est. net Click for cost model
$203k–$285k 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): $646,576 – $1,163,836/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

Cheddar's Scratch Kitchen #2194 is a mixed-beverage licensed establishment at 2540 S INTERSTATE 35, San Marcos, Texas (TABC MB1086555). Over the most recent 12 months it reported $290,959 in gross alcohol sales, averaging $24,247/month with a best month of $29,335. Sales mix: ~75% liquor · 20% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $81,364 (~28% margin). Acquisition value is estimated at $203k–$285k 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
$290,959
Avg monthly
$24,247
Best month
$29,335
Jun 2025
Sales mix
75% Liq
20% 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)$2,546/mo
NNN CAM / insurance$382/mo
Total occupancy$3,015/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 $290,959 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$290,959
COGS (24%)−$69,830
Labor (14%)−$40,734
Occupancy−$32,565
TX MB gross tax (6.7%)−$19,494
Utilities / ins / mktg (8%)−$23,277
Card surcharge net+$3,201
Net profit $108,259
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$290,959
COGS (27%)−$78,559
Labor (17%)−$49,463
Occupancy−$36,183
TX MB gross tax (6.7%)−$19,494
Utilities / ins / mktg (10%)−$29,096
Card surcharge net+$3,201
Net profit $81,364
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$290,959
COGS (30%)−$87,288
Labor (22%)−$64,011
Occupancy−$39,802
TX MB gross tax (6.7%)−$19,494
Utilities / ins / mktg (12%)−$34,915
Card surcharge net+$3,201
Net profit $48,650
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 $81,364/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 (~$81,364 net) estimated

Revenue multiple
$145k–$233k
0.5–0.8× gross
SDE multiple
$203k–$285k
2.5–3.5× earnings
Cap rate
$247k–$325k
25–33%
Suggested range
$203k–$285k
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 $646,576–$1,163,836/yr in total revenue (your liquor portion of $290,959 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
$647k–$1,164k
food + liquor + service
Estimated net (10–15%)
$65k–$175k
restaurant margin
Full-business value
$178k–$640k
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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