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Financials

MB1108883
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Ojos Locos Sports Cantina

5133 S PADRE ISLAND DR, Corpus Christi, TX 78411 · TABC MB1108883

Mixed Beverage Corpus Christi Market Enriched 2026-05-24
$2,252,799 Annual gross (L12M) ▼ 3.1% latest MoM Click for monthly detail
$187,733 Avg monthly ▼ 16.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $632,924/yr est. net Click for cost model
$1,582k–$2,215k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $3,218,284 – $4,505,598/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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Ojos Locos Sports Cantina is a mixed-beverage licensed establishment at 5133 S PADRE ISLAND DR, Corpus Christi, Texas (TABC MB1108883). Over the most recent 12 months it reported $2,252,799 in gross alcohol sales, averaging $187,733/month with a best month of $226,146. Sales mix: ~42% liquor · 58% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $632,924 (~28% margin). Acquisition value is estimated at $1,582k–$2,215k 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
$2,252,799
Avg monthly
$187,733
Best month
$226,146
May 2025
Sales mix
42% Liq
58% 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)$19,712/mo
NNN CAM / insurance$2,957/mo
Total occupancy$23,101/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 $2,252,799 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$2,252,799
COGS (24%)−$540,672
Labor (14%)−$315,392
Occupancy−$249,486
TX MB gross tax (6.7%)−$150,938
Utilities / ins / mktg (8%)−$180,224
Card surcharge net+$24,781
Net profit $840,868
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$2,252,799
COGS (27%)−$608,256
Labor (17%)−$382,976
Occupancy−$277,207
TX MB gross tax (6.7%)−$150,938
Utilities / ins / mktg (10%)−$225,280
Card surcharge net+$24,781
Net profit $632,924
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$2,252,799
COGS (30%)−$675,840
Labor (22%)−$495,616
Occupancy−$304,928
TX MB gross tax (6.7%)−$150,938
Utilities / ins / mktg (12%)−$270,336
Card surcharge net+$24,781
Net profit $379,923
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 Ol Beverage Holdings LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $632,924/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 (~$632,924 net) estimated

Revenue multiple
$1.13M–$1.80M
0.5–0.8× gross
SDE multiple
$1.58M–$2.22M
2.5–3.5× earnings
Cap rate
$1.92M–$2.53M
25–33%
Suggested range
$1,582k–$2,215k
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 2026-05-22

Lookup pending — check back tomorrow

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