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MB1123432
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Mastrantos

927 STUDEWOOD ST STE 100, Houston, TX 77008 · TABC MB1123432

Mixed Beverage Houston Market Enriched 2026-07-12
$165,236 Annual gross (L12M) — 0.0% latest MoM Click for monthly detail
$13,770 Avg monthly ▲ 13.6% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $37,013/yr est. net Click for cost model
$93k–$130k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $173,933 – $206,545/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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Mastrantos is a mixed-beverage licensed establishment at 927 STUDEWOOD ST STE 100, Houston, Texas (TABC MB1123432). Over the most recent 12 months it reported $165,236 in gross alcohol sales, averaging $13,770/month with a best month of $15,647. Sales mix: ~43% liquor · 3% beer · 54% wine. The building at this address is owned by 927 STUDE LLC (17,269 sqft, $5,168,888 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $37,013 (~22% margin). Acquisition value is estimated at $93k–$130k 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
$165,236
Avg monthly
$13,770
Best month
$15,647
May 2026
Sales mix
43% Liq
3% Beer · 54% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1383900010001
Property owner (landlord)927 STUDE LLC
Total building SF whole parcel — Mastrantos is in STE 10017,269
Mastrantos's footprint estimated — suite-level not on file 2,500 sf
Assessed value$5,168,888

Mastrantos's share

Est. base rent ~$4/sqft/yr · 2,500 sqft · Class A $767/mo
NNN CAM / insurance$115/mo
NNN property tax$1,497/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,479/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 $165,236 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$165,236
COGS (24%)−$39,657
Labor (14%)−$23,133
Occupancy−$26,768
TX MB gross tax (6.7%)−$11,071
Utilities / ins / mktg (8%)−$13,219
Card surcharge net+$1,818
Net profit $53,206
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$165,236
COGS (27%)−$44,614
Labor (17%)−$28,090
Occupancy−$29,742
TX MB gross tax (6.7%)−$11,071
Utilities / ins / mktg (10%)−$16,524
Card surcharge net+$1,818
Net profit $37,013
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$165,236
COGS (30%)−$49,571
Labor (22%)−$36,352
Occupancy−$32,717
TX MB gross tax (6.7%)−$11,071
Utilities / ins / mktg (12%)−$19,828
Card surcharge net+$1,818
Net profit $17,515
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 Mastrantos LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $37,013/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 (~$37,013 net) estimated

Revenue multiple
$83k–$132k
0.5–0.8× gross
SDE multiple
$93k–$130k
2.5–3.5× earnings
Cap rate
$112k–$148k
25–33%
Suggested range
$93k–$130k
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 2026-06-04

Lookup pending — check back tomorrow

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