Bocca Italian Kitchen & Lupo Pizzeria

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 Pizza Restaurant, liquor is typically only 10–25% of total business revenue. Pizza-forward; liquor a side program. Total revenue 4–10× this number. Estimated total revenue (rough): $1,954,496 – $4,886,240/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

Click to expand full narrative

Bocca Italian Kitchen & Lupo Pizzeria is a mixed-beverage licensed establishment at 250 ASSAY ST STE 100, Houston, Texas (TABC MB1115961). Over the most recent 12 months it reported $488,624 in gross alcohol sales, averaging $40,719/month with a best month of $48,290. Sales mix: ~63% liquor · 13% beer · 24% wine. The building at this address is owned by 250 ASSAY STREET LLC (65,456 sqft, $12,729,563 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $128,624 (~26% margin). Acquisition value is estimated at $322k–$450k 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

$488,624

Avg monthly

$40,719

Best month

$48,290

Dec 2025

Sales mix

63% Liq

13% Beer · 24% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1361690010008

Property owner (landlord)250 ASSAY STREET LLC

Total building SF whole parcel — Bocca Italian Kitchen & Lupo Pizzeria is in STE 10065,456

Bocca Italian Kitchen & Lupo Pizzeria's footprint estimated — suite-level not on file 2,500 sf

Assessed value$12,729,563

Bocca Italian Kitchen & Lupo Pizzeria's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $4,052/mo

NNN CAM / insurance$608/mo

NNN property tax$972/mo

Personal property tax est — no BPP record $100/mo

Total occupancy $5,732/mo

Occupancy analysis

All-in occupancy cost is 14.1% 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 $488,624 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~36%

Revenue$488,624

COGS (24%)−$117,270

Labor (14%)−$68,407

Occupancy−$61,902

TX MB gross tax (6.7%)−$32,738

Utilities / ins / mktg (8%)−$39,090

Card surcharge net+$5,375

Net profit $174,592

Most Likely

Typical bar, light food program, full two-shift staffing

~26%

Revenue$488,624

COGS (27%)−$131,928

Labor (17%)−$83,066

Occupancy−$68,780

TX MB gross tax (6.7%)−$32,738

Utilities / ins / mktg (10%)−$48,862

Card surcharge net+$5,375

Net profit $128,624

Stressed

Heavy food, larger crew, higher rent

~15%

Revenue$488,624

COGS (30%)−$146,587

Labor (22%)−$107,497

Occupancy−$75,658

TX MB gross tax (6.7%)−$32,738

Utilities / ins / mktg (12%)−$58,635

Card surcharge net+$5,375

Net profit $72,884

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 In Bocca Al Lupo LLC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $128,624/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 (~$128,624 net) estimated

Revenue multiple

$244k–$391k

0.5–0.8× gross

SDE multiple

$322k–$450k

2.5–3.5× earnings

Cap rate

$390k–$514k

25–33%

Suggested range

$322k–$450k

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 · Pizza Restaurant

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

We estimate this pizza restaurant pulls $1,954,496–$4,886,240/yr in total revenue (your liquor portion of $488,624 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

$1,954k–$4,886k

food + liquor + service

Estimated net (10–15%)

$195k–$733k

restaurant margin

Full-business value

$537k–$2,687k

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 2026-07-07

No federal lawsuits — past or pending

Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

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

Federal court history