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Financials

MB200036916
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Pallet Bar & Grill

701 6TH ST N, Texas City, TX 77590 · TABC MB200036916

Mixed Beverage Texas City Market Enriched 2026-09-12
$202,253 Annual gross (L12M) ▼ 1.5% latest MoM Click for monthly detail
$16,854 Avg monthly ▼ 6.5% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $56,138/yr est. net Click for cost model
$140k–$196k Est. acquisition range 0.83× 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 Restaurant / Bar, liquor is typically only 25–45% of total business revenue. Restaurant. Total revenue is typically 2–4× our liquor figure. Estimated total revenue (rough): $449,451 – $809,012/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

Pallet Bar & Grill is a mixed-beverage licensed establishment at 701 6TH ST N, Texas City, Texas (TABC MB200036916). Over the most recent 12 months it reported $202,253 in gross alcohol sales, averaging $16,854/month with a best month of $22,748. Sales mix: ~65% liquor · 34% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $56,138 (~28% margin). Acquisition value is estimated at $140k–$196k 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
$202,253
Avg monthly
$16,854
Best month
$22,748
Aug 2025
Sales mix
65% Liq
34% Beer · 1% 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)$1,770/mo
NNN CAM / insurance$265/mo
Total occupancy$2,131/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 $202,253 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$202,253
COGS (24%)−$48,541
Labor (14%)−$28,315
Occupancy−$23,015
TX MB gross tax (6.7%)−$13,551
Utilities / ins / mktg (8%)−$16,180
Card surcharge net+$2,225
Net profit $74,876
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$202,253
COGS (27%)−$54,608
Labor (17%)−$34,383
Occupancy−$25,572
TX MB gross tax (6.7%)−$13,551
Utilities / ins / mktg (10%)−$20,225
Card surcharge net+$2,225
Net profit $56,138
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$202,253
COGS (30%)−$60,676
Labor (22%)−$44,496
Occupancy−$28,129
TX MB gross tax (6.7%)−$13,551
Utilities / ins / mktg (12%)−$24,270
Card surcharge net+$2,225
Net profit $33,356
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 6Th St Vault LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $56,138/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 (~$56,138 net) estimated

Revenue multiple
$101k–$162k
0.5–0.8× gross
SDE multiple
$140k–$196k
2.5–3.5× earnings
Cap rate
$170k–$225k
25–33%
Suggested range
$140k–$196k
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 · Restaurant / Bar

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

We estimate this restaurant / bar pulls $449,451–$809,012/yr in total revenue (your liquor portion of $202,253 is roughly 25–45% 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
$449k–$809k
food + liquor + service
Estimated net (10–15%)
$45k–$121k
restaurant margin
Full-business value
$124k–$445k
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 2026-07-12

No federal lawsuits — past or pending