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Financials

MB1127598
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Sheraton North Houston At George Bush Intercontinental Airport

15700 JOHN F KENNEDY BLVD, Houston, TX 77032 · TABC MB1127598

Mixed Beverage Houston Market Enriched 2026-07-12
$514,503 Annual gross (L12M) ▼ 8.0% latest MoM Click for monthly detail
$42,875 Avg monthly ▼ 14.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $115,249/yr est. net Click for cost model
$288k–$403k 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $571,670 – $735,004/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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Sheraton North Houston At George Bush Intercontinental Airport is a mixed-beverage licensed establishment at 15700 JOHN F KENNEDY BLVD, Houston, Texas (TABC MB1127598). Over the most recent 12 months it reported $514,503 in gross alcohol sales, averaging $42,875/month with a best month of $60,352. Sales mix: ~45% liquor · 34% beer · 21% wine. The building at this address is owned by SH AIRPORT HOTEL LLC (117,244 sqft, $26,331,193 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $115,249 (~22% margin). Acquisition value is estimated at $288k–$403k 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
$514,503
Avg monthly
$42,875
Best month
$60,352
Jan 2026
Sales mix
45% Liq
34% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1143580150002
Property owner (landlord)SH AIRPORT HOTEL LLC
Total building SF117,244
Assessed value$26,331,193

Sheraton North Houston At George Bush Intercontinental Airport's share

Est. base rent ~$18/sqft/yr · 3,500 sqft · Class A $5,254/mo
NNN CAM / insurance$788/mo
NNN property tax$1,572/mo
Personal property tax est — no BPP record $103/mo
Total occupancy $7,718/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 $514,503 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$514,503
COGS (24%)−$123,481
Labor (14%)−$72,030
Occupancy−$83,349
TX MB gross tax (6.7%)−$34,472
Utilities / ins / mktg (8%)−$41,160
Card surcharge net+$5,660
Net profit $165,670
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$514,503
COGS (27%)−$138,916
Labor (17%)−$87,466
Occupancy−$92,611
TX MB gross tax (6.7%)−$34,472
Utilities / ins / mktg (10%)−$51,450
Card surcharge net+$5,660
Net profit $115,249
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$514,503
COGS (30%)−$154,351
Labor (22%)−$113,191
Occupancy−$101,872
TX MB gross tax (6.7%)−$34,472
Utilities / ins / mktg (12%)−$61,740
Card surcharge net+$5,660
Net profit $54,537
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 Nhtx Associates LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $115,249/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 (~$115,249 net) estimated

Revenue multiple
$257k–$412k
0.5–0.8× gross
SDE multiple
$288k–$403k
2.5–3.5× earnings
Cap rate
$349k–$461k
25–33%
Suggested range
$288k–$403k
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

20 cases on file · 6 currently open · public records

20 federal cases
6 currently open
3 wage-and-hour
3 ADA
16 civil rights
As defendant in 20 cases
Most recent filing
Goodman v. Merritt Hospitality, LLC
NYSD · 2026-08-19 · OPEN
Public records, last checked 2026-10-02