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Financials

MB1091899
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Tillie's Cafe / Joe's

621 N MAIN ST STE B&C, Schulenburg, TX 78956 · TABC MB1091899

Mixed Beverage Schulenburg Market Enriched 2026-07-10
$157,495 Annual gross (L12M) ▼ 9.0% latest MoM Click for monthly detail
$13,125 Avg monthly ▲ 6.4% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $43,460/yr est. net Click for cost model
$109k–$152k Est. acquisition range 0.83× 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 Coffee Shop, liquor is typically only 10–25% of total business revenue. Mostly non-alcohol; small bar program. Estimated total revenue (rough): $629,980 – $1,574,950/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

Tillie's Cafe / Joe's is a mixed-beverage licensed establishment at 621 N MAIN ST STE B&C, Schulenburg, Texas (TABC MB1091899). Over the most recent 12 months it reported $157,495 in gross alcohol sales, averaging $13,125/month with a best month of $15,334. Sales mix: ~51% liquor · 43% beer · 6% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $43,460 (~28% margin). Acquisition value is estimated at $109k–$152k 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
$157,495
Avg monthly
$13,125
Best month
$15,334
Apr 2026
Sales mix
51% Liq
43% 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)$1,378/mo
NNN CAM / insurance$207/mo
Total occupancy$1,681/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 $157,495 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$157,495
COGS (24%)−$37,799
Labor (14%)−$22,049
Occupancy−$18,151
TX MB gross tax (6.7%)−$10,552
Utilities / ins / mktg (8%)−$12,600
Card surcharge net+$1,732
Net profit $58,077
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$157,495
COGS (27%)−$42,524
Labor (17%)−$26,774
Occupancy−$20,168
TX MB gross tax (6.7%)−$10,552
Utilities / ins / mktg (10%)−$15,750
Card surcharge net+$1,732
Net profit $43,460
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$157,495
COGS (30%)−$47,248
Labor (22%)−$34,649
Occupancy−$22,184
TX MB gross tax (6.7%)−$10,552
Utilities / ins / mktg (12%)−$18,899
Card surcharge net+$1,732
Net profit $25,694
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 Mhc Brands LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $43,460/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 (~$43,460 net) estimated

Revenue multiple
$79k–$126k
0.5–0.8× gross
SDE multiple
$109k–$152k
2.5–3.5× earnings
Cap rate
$132k–$174k
25–33%
Suggested range
$109k–$152k
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 · Coffee Shop

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

We estimate this coffee shop pulls $629,980–$1,574,950/yr in total revenue (your liquor portion of $157,495 is roughly 10–25% 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
$630k–$1,575k
food + liquor + service
Estimated net (10–15%)
$63k–$236k
restaurant margin
Full-business value
$173k–$866k
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 2026-09-18

No federal lawsuits — past or pending