← The Boathouse /

Financials

MB200070313
Dashboard › The Boathouse › Financial Intelligence

The Boathouse

390 IVEY RD, Terlingua, TX 79852 · TABC MB200070313

Mixed Beverage Terlingua Market Enriched 2026-08-25
$322,466 Annual gross (L12M) Click for monthly detail
$29,315 Avg monthly ▼ 33.9% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $90,188/yr est. net Click for cost model
$225k–$316k 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 Honky-Tonk, liquor is typically only 80–95% of total business revenue. Beer + cover charges; food minor. Estimated total revenue (rough): $339,438 – $403,082/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
← Back to The Boathouse My bars

Executive Summary

Click to expand full narrative

The Boathouse is a mixed-beverage licensed establishment at 390 IVEY RD, Terlingua, Texas (TABC MB200070313). Over the most recent 12 months it reported $322,466 in gross alcohol sales, averaging $29,315/month with a best month of $39,749. Sales mix: ~51% liquor · 48% beer · 1% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $90,188 (~28% margin). Acquisition value is estimated at $225k–$316k 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
$322,466
Avg monthly
$29,315
Best month
$39,749
Nov 2025
Sales mix
51% Liq
48% 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)$2,822/mo
NNN CAM / insurance$423/mo
Total occupancy$3,341/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 $322,466 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$322,466
COGS (24%)−$77,392
Labor (14%)−$45,145
Occupancy−$36,079
TX MB gross tax (6.7%)−$21,605
Utilities / ins / mktg (8%)−$25,797
Card surcharge net+$3,547
Net profit $119,995
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$322,466
COGS (27%)−$87,066
Labor (17%)−$54,819
Occupancy−$40,088
TX MB gross tax (6.7%)−$21,605
Utilities / ins / mktg (10%)−$32,247
Card surcharge net+$3,547
Net profit $90,188
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$322,466
COGS (30%)−$96,740
Labor (22%)−$70,943
Occupancy−$44,097
TX MB gross tax (6.7%)−$21,605
Utilities / ins / mktg (12%)−$38,696
Card surcharge net+$3,547
Net profit $53,933
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 Casa Del Barco LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $90,188/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 (~$90,188 net) estimated

Revenue multiple
$161k–$258k
0.5–0.8× gross
SDE multiple
$225k–$316k
2.5–3.5× earnings
Cap rate
$273k–$361k
25–33%
Suggested range
$225k–$316k
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 2026-08-29

No federal lawsuits — past or pending