← Corralito Steak House /

Financials

MB200058108
Dashboard › Corralito Steak House › Financial Intelligence

Corralito Steak House

4301 82ND ST, Lubbock, TX 79423 · TABC MB200058108

Mixed Beverage Lubbock Market Enriched 2026-07-10
$331,837 Annual gross (L12M) ▲ 2.1% latest MoM Click for monthly detail
$27,653 Avg monthly ▲ 12.6% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $92,843/yr est. net Click for cost model
$232k–$325k 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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $829,592 – $1,327,348/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to Corralito Steak House My bars

Executive Summary

Click to expand full narrative

Corralito Steak House is a mixed-beverage licensed establishment at 4301 82ND ST, Lubbock, Texas (TABC MB200058108). Over the most recent 12 months it reported $331,837 in gross alcohol sales, averaging $27,653/month with a best month of $31,125. Sales mix: ~65% liquor · 24% beer · 11% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $92,843 (~28% margin). Acquisition value is estimated at $232k–$325k 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
$331,837
Avg monthly
$27,653
Best month
$31,125
May 2026
Sales mix
65% Liq
24% Beer · 11% 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)$2,904/mo
NNN CAM / insurance$436/mo
Total occupancy$3,435/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 $331,837 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$331,837
COGS (24%)−$79,641
Labor (14%)−$46,457
Occupancy−$37,097
TX MB gross tax (6.7%)−$22,233
Utilities / ins / mktg (8%)−$26,547
Card surcharge net+$3,650
Net profit $123,512
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$331,837
COGS (27%)−$89,596
Labor (17%)−$56,412
Occupancy−$41,219
TX MB gross tax (6.7%)−$22,233
Utilities / ins / mktg (10%)−$33,184
Card surcharge net+$3,650
Net profit $92,843
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$331,837
COGS (30%)−$99,551
Labor (22%)−$73,004
Occupancy−$45,341
TX MB gross tax (6.7%)−$22,233
Utilities / ins / mktg (12%)−$39,820
Card surcharge net+$3,650
Net profit $55,537
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 Corralito Kingsgate LLC looking up officers…
5
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $92,843/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 (~$92,843 net) estimated

Revenue multiple
$166k–$265k
0.5–0.8× gross
SDE multiple
$232k–$325k
2.5–3.5× earnings
Cap rate
$281k–$371k
25–33%
Suggested range
$232k–$325k
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 · Steakhouse

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

We estimate this steakhouse pulls $829,592–$1,327,348/yr in total revenue (your liquor portion of $331,837 is roughly 25–40% 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
$830k–$1,327k
food + liquor + service
Estimated net (10–15%)
$83k–$199k
restaurant margin
Full-business value
$228k–$730k
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 2026-07-26

No federal lawsuits — past or pending