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Financials

MB200068933
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Ocean Karaoke

6260 WILCREST DR, Houston, TX 77072 · TABC MB200068933

Mixed Beverage Houston Market Enriched 2026-07-10
$269,962 Annual gross (L12M) ▲ 39.3% latest MoM Click for monthly detail
$24,542 Avg monthly ▲ 55.8% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $60,471/yr est. net Click for cost model
$151k–$212k Est. acquisition range 0.67× 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 Karaoke Bar, liquor is typically only 70–90% of total business revenue. Liquor heavy. Estimated total revenue (rough): $299,958 – $385,660/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

Ocean Karaoke is a mixed-beverage licensed establishment at 6260 WILCREST DR, Houston, Texas (TABC MB200068933). Over the most recent 12 months it reported $269,962 in gross alcohol sales, averaging $24,542/month with a best month of $38,229. Sales mix: ~87% liquor · 12% beer · 1% wine. The building at this address is owned by VINA PRO LLC (6,046 sqft, $1,680,000 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $60,471 (~22% margin). Acquisition value is estimated at $151k–$212k 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
$269,962
Avg monthly
$24,542
Best month
$38,229
May 2026
Sales mix
87% Liq
12% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1125000000001
Property owner (landlord)VINA PRO LLC
Total building SF6,046
Assessed value$1,680,000

Ocean Karaoke's share

Est. base rent ~$11/sqft/yr · 2,500 sqft · Class A $2,226/mo
NNN CAM / insurance$334/mo
NNN property tax$1,389/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $4,049/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $269,962 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$269,962
COGS (24%)−$64,791
Labor (14%)−$37,795
Occupancy−$43,734
TX MB gross tax (6.7%)−$18,087
Utilities / ins / mktg (8%)−$21,597
Card surcharge net+$2,970
Net profit $86,928
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$269,962
COGS (27%)−$72,890
Labor (17%)−$45,894
Occupancy−$48,593
TX MB gross tax (6.7%)−$18,087
Utilities / ins / mktg (10%)−$26,996
Card surcharge net+$2,970
Net profit $60,471
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$269,962
COGS (30%)−$80,989
Labor (22%)−$59,392
Occupancy−$53,452
TX MB gross tax (6.7%)−$18,087
Utilities / ins / mktg (12%)−$32,395
Card surcharge net+$2,970
Net profit $28,616
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 Day & Night Entertainment LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $60,471/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 (~$60,471 net) estimated

Revenue multiple
$135k–$216k
0.5–0.8× gross
SDE multiple
$151k–$212k
2.5–3.5× earnings
Cap rate
$183k–$242k
25–33%
Suggested range
$151k–$212k
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 2026-07-21

No federal lawsuits — past or pending