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Financials

MB200071406
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The Victory Tap

111 E MAIN ST, Pflugerville, TX 78660 · TABC MB200071406

Mixed Beverage Pflugerville Market Enriched 2026-07-09
$478,581 Annual gross (L12M) ▲ 14.4% latest MoM Click for monthly detail
$39,882 Avg monthly ▲ 23.8% latest vs avg Click for monthly detail
~20% Est. net margin (likely) $93,629/yr est. net Click for cost model
$239k–$328k Est. acquisition range 0.59× 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 Beer Bar, liquor is typically only 90–98% of total business revenue. Beer-only, minimal food. Estimated total revenue (rough): $488,348 – $531,757/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

The Victory Tap is a mixed-beverage licensed establishment at 111 E MAIN ST, Pflugerville, Texas (TABC MB200071406). Over the most recent 12 months it reported $478,581 in gross alcohol sales, averaging $39,882/month with a best month of $49,364. Sales mix: ~42% liquor · 51% beer · 7% wine. The building at this address is owned by GATX PROPERTIES LLC (3,541 sqft, $798,241 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $93,629 (~20% margin). Acquisition value is estimated at $239k–$328k 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
$478,581
Avg monthly
$39,882
Best month
$49,364
May 2026
Sales mix
42% Liq
51% Beer · 7% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID276174
Property owner (landlord)GATX PROPERTIES LLC
Total building SF3,541
Assessed value$798,241

The Victory Tap's share

Est. base rent ~$32/sqft/yr · 2,500 sqft · Class A $6,575/mo
NNN CAM / insurance$986/mo
NNN property tax$665/mo
Personal property tax est — no BPP record $83/mo
Total occupancy $8,310/mo

Occupancy analysis

All-in occupancy cost is 20.8% 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 $478,581 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~30%
Revenue$478,581
COGS (24%)−$114,859
Labor (14%)−$67,001
Occupancy−$89,746
TX MB gross tax (6.7%)−$32,065
Utilities / ins / mktg (8%)−$38,286
Card surcharge net+$5,264
Net profit $141,888
Most Likely
Typical bar, light food program, full two-shift staffing
~20%
Revenue$478,581
COGS (27%)−$129,217
Labor (17%)−$81,359
Occupancy−$99,717
TX MB gross tax (6.7%)−$32,065
Utilities / ins / mktg (10%)−$47,858
Card surcharge net+$5,264
Net profit $93,629
Stressed
Heavy food, larger crew, higher rent
~7%
Revenue$478,581
COGS (30%)−$143,574
Labor (22%)−$105,288
Occupancy−$109,689
TX MB gross tax (6.7%)−$32,065
Utilities / ins / mktg (12%)−$57,430
Card surcharge net+$5,264
Net profit $35,800
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 Primis LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $93,629/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 (~$93,629 net) estimated

Revenue multiple
$239k–$383k
0.5–0.8× gross
SDE multiple
$234k–$328k
2.5–3.5× earnings
Cap rate
$284k–$375k
25–33%
Suggested range
$239k–$328k
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 2026-10-04

Lookup pending — check back tomorrow

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