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Financials

MB178154
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I-37 INC

9100 GULF FWY, Houston, TX 77017 · TABC MB178154

Mixed Beverage Houston Market Enriched 2026-07-12
$532,697 Annual gross (L12M) ▲ 1028.2% latest MoM Click for monthly detail
$44,391 Avg monthly ▲ 19.1% latest vs avg Click for monthly detail
~23% Est. net margin (likely) $122,456/yr est. net Click for cost model
$306k–$429k Est. acquisition range 0.69× 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $532,697 – $591,886/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

I-37 INC is a mixed-beverage licensed establishment at 9100 GULF FWY, Houston, Texas (TABC MB178154). Over the most recent 12 months it reported $532,697 in gross alcohol sales, averaging $44,391/month with a best month of $148,081. Sales mix: ~55% liquor · 27% beer · 18% wine. The building at this address is owned by ATRIUM FINANCE II LP (120,618 sqft, $22,679,463 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $122,456 (~23% margin). Acquisition value is estimated at $306k–$429k 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
$532,697
Avg monthly
$44,391
Best month
$148,081
Jan 2026
Sales mix
55% Liq
27% Beer · 18% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0342030020118
Property owner (landlord)ATRIUM FINANCE II LP
Total building SF120,618
Assessed value$22,679,463

I-37 INC's share

Est. base rent ~$19/sqft/yr · 3,500 sqft · Class B $5,484/mo
NNN CAM / insurance$823/mo
NNN property tax$1,316/mo
Personal property tax est — no BPP record $107/mo
Total occupancy $7,729/mo

Occupancy analysis

All-in occupancy cost is 17.4% 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 $532,697 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~33%
Revenue$532,697
COGS (24%)−$127,847
Labor (14%)−$74,578
Occupancy−$83,478
TX MB gross tax (6.7%)−$35,691
Utilities / ins / mktg (8%)−$42,616
Card surcharge net+$5,860
Net profit $174,347
Most Likely
Typical bar, light food program, full two-shift staffing
~23%
Revenue$532,697
COGS (27%)−$143,828
Labor (17%)−$90,558
Occupancy−$92,754
TX MB gross tax (6.7%)−$35,691
Utilities / ins / mktg (10%)−$53,270
Card surcharge net+$5,860
Net profit $122,456
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$532,697
COGS (30%)−$159,809
Labor (22%)−$117,193
Occupancy−$102,029
TX MB gross tax (6.7%)−$35,691
Utilities / ins / mktg (12%)−$63,924
Card surcharge net+$5,860
Net profit $59,911
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 I-37 INC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $122,456/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 (~$122,456 net) estimated

Revenue multiple
$266k–$426k
0.5–0.8× gross
SDE multiple
$306k–$429k
2.5–3.5× earnings
Cap rate
$371k–$490k
25–33%
Suggested range
$306k–$429k
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 2026-06-10

Lookup pending — check back tomorrow

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