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Financials

MB1086975
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Lulu's Landing Bar

115 S FULTON BEACH RD, Fulton, TX 78358 · TABC MB1086975

Mixed Beverage Fulton Market Enriched 2026-07-11
$608,852 Annual gross (L12M) ▼ 10.5% latest MoM Click for monthly detail
$50,738 Avg monthly ▼ 8.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $171,057/yr est. net Click for cost model
$428k–$599k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $608,852 – $676,502/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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Lulu's Landing Bar is a mixed-beverage licensed establishment at 115 S FULTON BEACH RD, Fulton, Texas (TABC MB1086975). Over the most recent 12 months it reported $608,852 in gross alcohol sales, averaging $50,738/month with a best month of $65,070. Sales mix: ~61% liquor · 38% beer · 2% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $171,057 (~28% margin). Acquisition value is estimated at $428k–$599k 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
$608,852
Avg monthly
$50,738
Best month
$65,070
Mar 2026
Sales mix
61% Liq
38% Beer · 2% 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)$5,327/mo
NNN CAM / insurance$799/mo
Total occupancy$6,243/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 $608,852 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$608,852
COGS (24%)−$146,124
Labor (14%)−$85,239
Occupancy−$67,427
TX MB gross tax (6.7%)−$40,793
Utilities / ins / mktg (8%)−$48,708
Card surcharge net+$6,697
Net profit $227,257
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$608,852
COGS (27%)−$164,390
Labor (17%)−$103,505
Occupancy−$74,919
TX MB gross tax (6.7%)−$40,793
Utilities / ins / mktg (10%)−$60,885
Card surcharge net+$6,697
Net profit $171,057
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$608,852
COGS (30%)−$182,656
Labor (22%)−$133,947
Occupancy−$82,411
TX MB gross tax (6.7%)−$40,793
Utilities / ins / mktg (12%)−$73,062
Card surcharge net+$6,697
Net profit $102,680
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 Lulu's Landing Bar L.L.C looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $171,057/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 (~$171,057 net) estimated

Revenue multiple
$304k–$487k
0.5–0.8× gross
SDE multiple
$428k–$599k
2.5–3.5× earnings
Cap rate
$518k–$684k
25–33%
Suggested range
$428k–$599k
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 2026-07-09

Lookup pending — check back tomorrow

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