← Crafty Crab Seafood /

Financials

MB1089421
Dashboard › Crafty Crab Seafood › Financial Intelligence

Crafty Crab Seafood

11328 WESTHEIMER RD, Houston, TX 77077 · TABC MB1089421

Mixed Beverage Houston Market Enriched 2026-09-10
$315,740 Annual gross (L12M) ▲ 7.4% latest MoM Click for monthly detail
$26,312 Avg monthly ▼ 8.3% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $70,726/yr est. net Click for cost model
$177k–$248k Est. acquisition range 0.67× 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): $315,740 – $350,822/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Crafty Crab Seafood My bars

Executive Summary

Click to expand full narrative

Crafty Crab Seafood is a mixed-beverage licensed establishment at 11328 WESTHEIMER RD, Houston, Texas (TABC MB1089421). Over the most recent 12 months it reported $315,740 in gross alcohol sales, averaging $26,312/month with a best month of $40,250. Sales mix: ~86% liquor · 13% beer · 1% wine. The building at this address is owned by BEL WESTCHASE HOLDINGS LLC (213,064 sqft, $46,054,695 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $70,726 (~22% margin). Acquisition value is estimated at $177k–$248k 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
$315,740
Avg monthly
$26,312
Best month
$40,250
Mar 2026
Sales mix
86% Liq
13% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1197370000001
Property owner (landlord)BEL WESTCHASE HOLDINGS LLC
Total building SF213,064
Assessed value$46,054,695

Crafty Crab Seafood's share

Est. base rent ~$15/sqft/yr · 2,500 sqft · Class A $3,092/mo
NNN CAM / insurance$464/mo
NNN property tax$1,081/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $4,736/mo

Occupancy analysis

All-in occupancy cost is 18.0% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $315,740 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$315,740
COGS (24%)−$75,778
Labor (14%)−$44,204
Occupancy−$51,150
TX MB gross tax (6.7%)−$21,155
Utilities / ins / mktg (8%)−$25,259
Card surcharge net+$3,473
Net profit $101,668
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$315,740
COGS (27%)−$85,250
Labor (17%)−$53,676
Occupancy−$56,833
TX MB gross tax (6.7%)−$21,155
Utilities / ins / mktg (10%)−$31,574
Card surcharge net+$3,473
Net profit $70,726
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$315,740
COGS (30%)−$94,722
Labor (22%)−$69,463
Occupancy−$62,517
TX MB gross tax (6.7%)−$21,155
Utilities / ins / mktg (12%)−$37,889
Card surcharge net+$3,473
Net profit $33,468
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 Crafty Crab Westheimer INC looking up officers…
6
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $70,726/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 (~$70,726 net) estimated

Revenue multiple
$158k–$253k
0.5–0.8× gross
SDE multiple
$177k–$248k
2.5–3.5× earnings
Cap rate
$214k–$283k
25–33%
Suggested range
$177k–$248k
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 2026-08-29

Lookup pending — check back tomorrow

Daily public-records quota was exhausted before we could check this operator. Our nightly job will retry automatically.