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MB200065894
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La Chula

4610 N GARFIELD ST STE B1, Midland, TX 79705 · TABC MB200065894

Mixed Beverage Midland Market Enriched 2026-06-15
$972,581 Annual gross (L12M) ▼ 2.4% latest MoM Click for monthly detail
$81,048 Avg monthly ▼ 4.7% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $273,247/yr est. net Click for cost model
$683k–$956k 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): $972,581 – $1,080,646/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

La Chula is a mixed-beverage licensed establishment at 4610 N GARFIELD ST STE B1, Midland, Texas (TABC MB200065894). Over the most recent 12 months it reported $972,581 in gross alcohol sales, averaging $81,048/month with a best month of $106,408. Sales mix: ~69% liquor · 30% beer · 0% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $273,247 (~28% margin). Acquisition value is estimated at $683k–$956k 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
$972,581
Avg monthly
$81,048
Best month
$106,408
Aug 2025
Sales mix
69% Liq
30% 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)$8,510/mo
NNN CAM / insurance$1,277/mo
Total occupancy$9,973/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 $972,581 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$972,581
COGS (24%)−$233,419
Labor (14%)−$136,161
Occupancy−$107,708
TX MB gross tax (6.7%)−$65,163
Utilities / ins / mktg (8%)−$77,806
Card surcharge net+$10,698
Net profit $363,021
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$972,581
COGS (27%)−$262,597
Labor (17%)−$165,339
Occupancy−$119,676
TX MB gross tax (6.7%)−$65,163
Utilities / ins / mktg (10%)−$97,258
Card surcharge net+$10,698
Net profit $273,247
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$972,581
COGS (30%)−$291,774
Labor (22%)−$213,968
Occupancy−$131,644
TX MB gross tax (6.7%)−$65,163
Utilities / ins / mktg (12%)−$116,710
Card surcharge net+$10,698
Net profit $164,021
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 La Chula5 LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $273,247/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 (~$273,247 net) estimated

Revenue multiple
$486k–$778k
0.5–0.8× gross
SDE multiple
$683k–$956k
2.5–3.5× earnings
Cap rate
$828k–$1.09M
25–33%
Suggested range
$683k–$956k
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 2026-06-19

Lookup pending — check back tomorrow

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