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Financials

MB200047535
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Thirsty's Bar

32015 STATE HIGHWAY 249 STE 108, Pinehurst, TX 77362 · TABC MB200047535

Mixed Beverage Pinehurst Market Enriched 2026-07-09
$429,739 Annual gross (L12M) ▲ 10.6% latest MoM Click for monthly detail
$35,812 Avg monthly ▲ 8.1% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $120,624/yr est. net Click for cost model
$302k–$422k Est. acquisition range 0.84× 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): $429,739 – $477,488/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

Thirsty's Bar is a mixed-beverage licensed establishment at 32015 STATE HIGHWAY 249 STE 108, Pinehurst, Texas (TABC MB200047535). Over the most recent 12 months it reported $429,739 in gross alcohol sales, averaging $35,812/month with a best month of $40,956. Sales mix: ~66% liquor · 34% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $120,624 (~28% margin). Acquisition value is estimated at $302k–$422k 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
$429,739
Avg monthly
$35,812
Best month
$40,956
Mar 2026
Sales mix
66% Liq
34% Beer · 0% 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)$3,760/mo
NNN CAM / insurance$564/mo
Total occupancy$4,416/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 $429,739 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$429,739
COGS (24%)−$103,137
Labor (14%)−$60,163
Occupancy−$47,692
TX MB gross tax (6.7%)−$28,793
Utilities / ins / mktg (8%)−$34,379
Card surcharge net+$4,727
Net profit $160,302
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$429,739
COGS (27%)−$116,030
Labor (17%)−$73,056
Occupancy−$52,991
TX MB gross tax (6.7%)−$28,793
Utilities / ins / mktg (10%)−$42,974
Card surcharge net+$4,727
Net profit $120,624
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$429,739
COGS (30%)−$128,922
Labor (22%)−$94,543
Occupancy−$58,290
TX MB gross tax (6.7%)−$28,793
Utilities / ins / mktg (12%)−$51,569
Card surcharge net+$4,727
Net profit $72,351
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 Thirsty's Bar LLC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $120,624/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 (~$120,624 net) estimated

Revenue multiple
$215k–$344k
0.5–0.8× gross
SDE multiple
$302k–$422k
2.5–3.5× earnings
Cap rate
$366k–$482k
25–33%
Suggested range
$302k–$422k
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 2026-07-07

No federal lawsuits — past or pending