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Financials

MB1126873
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Horseshoe Bay Resort Hotel

200 HI CIR N, Horseshoe Bay, TX 78657 · TABC MB1126873

Mixed Beverage Horseshoe Bay Market Enriched 2026-05-24
$5,027,301 Annual gross (L12M) ▲ 15.0% latest MoM Click for monthly detail
$418,942 Avg monthly ▲ 31.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $1,418,233/yr est. net Click for cost model
$3,546k–$4,964k Est. acquisition range 0.85× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $5,585,890 – $7,181,859/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

Horseshoe Bay Resort Hotel is a mixed-beverage licensed establishment at 200 HI CIR N, Horseshoe Bay, Texas (TABC MB1126873). Over the most recent 12 months it reported $5,027,301 in gross alcohol sales, averaging $418,942/month with a best month of $551,097. Sales mix: ~55% liquor · 23% beer · 22% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $1,418,233 (~28% margin). Acquisition value is estimated at $3,546k–$4,964k 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
$5,027,301
Avg monthly
$418,942
Best month
$551,097
Aug 2025
Sales mix
55% Liq
23% Beer · 22% 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)$43,989/mo
NNN CAM / insurance$6,598/mo
Total occupancy$51,066/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 $5,027,301 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$5,027,301
COGS (24%)−$1,206,552
Labor (14%)−$703,822
Occupancy−$551,517
TX MB gross tax (6.7%)−$336,829
Utilities / ins / mktg (8%)−$402,184
Card surcharge net+$55,300
Net profit $1,881,697
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$5,027,301
COGS (27%)−$1,357,371
Labor (17%)−$854,641
Occupancy−$612,797
TX MB gross tax (6.7%)−$336,829
Utilities / ins / mktg (10%)−$502,730
Card surcharge net+$55,300
Net profit $1,418,233
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$5,027,301
COGS (30%)−$1,508,190
Labor (22%)−$1,106,006
Occupancy−$674,076
TX MB gross tax (6.7%)−$336,829
Utilities / ins / mktg (12%)−$603,276
Card surcharge net+$55,300
Net profit $854,223
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 Horseshoe Bay Resort Destinations LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $1,418,233/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 (~$1,418,233 net) estimated

Revenue multiple
$2.51M–$4.02M
0.5–0.8× gross
SDE multiple
$3.55M–$4.96M
2.5–3.5× earnings
Cap rate
$4.30M–$5.67M
25–33%
Suggested range
$3,546k–$4,964k
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

1 case on file · public records

1 federal case
Most recent filing
Horseshoe Bay Resort Holdings, LLC v. The United States Small Business Administration
TXWD · 2024-01-10 · CLOSED
Public records, last checked 2026-05-22