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Financials

MB200075782
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Bubba's 33

11925 GATEWAY BLVD W, El Paso, TX 79936 · TABC MB200075782

Mixed Beverage El Paso Market Enriched 2026-07-11
$699,749 Annual gross (L12M) ▲ 14.3% latest MoM Click for monthly detail
$58,312 Avg monthly ▲ 5.4% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $156,744/yr est. net Click for cost model
$392k–$549k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $699,749 – $777,499/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

Bubba's 33 is a mixed-beverage licensed establishment at 11925 GATEWAY BLVD W, El Paso, Texas (TABC MB200075782). Over the most recent 12 months it reported $699,749 in gross alcohol sales, averaging $58,312/month with a best month of $73,952. Sales mix: ~36% liquor · 63% beer · 1% wine. The building at this address is owned by FCPT HOLDINGS LLC (9,420 sqft, $2,783,032 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $156,744 (~22% margin). Acquisition value is estimated at $392k–$549k 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
$699,749
Avg monthly
$58,312
Best month
$73,952
Mar 2026
Sales mix
36% Liq
63% Beer · 1% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID719402
Property owner (landlord)FCPT HOLDINGS LLC
Total building SF9,420
Assessed value$2,783,032

Bubba's 33's share

Est. base rent ~$24/sqft/yr · 3,500 sqft · Class A $7,127/mo
NNN CAM / insurance$1,069/mo
NNN property tax$2,154/mo
Personal property tax est — no BPP record $146/mo
Total occupancy $10,496/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 $699,749 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$699,749
COGS (24%)−$167,940
Labor (14%)−$97,965
Occupancy−$113,359
TX MB gross tax (6.7%)−$46,883
Utilities / ins / mktg (8%)−$55,980
Card surcharge net+$7,697
Net profit $225,319
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$699,749
COGS (27%)−$188,932
Labor (17%)−$118,957
Occupancy−$125,955
TX MB gross tax (6.7%)−$46,883
Utilities / ins / mktg (10%)−$69,975
Card surcharge net+$7,697
Net profit $156,744
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$699,749
COGS (30%)−$209,925
Labor (22%)−$153,945
Occupancy−$138,550
TX MB gross tax (6.7%)−$46,883
Utilities / ins / mktg (12%)−$83,970
Card surcharge net+$7,697
Net profit $74,173
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 Strategic Restaurant Enterprises INC looking up officers…
3
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $156,744/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 (~$156,744 net) estimated

Revenue multiple
$350k–$560k
0.5–0.8× gross
SDE multiple
$392k–$549k
2.5–3.5× earnings
Cap rate
$475k–$627k
25–33%
Suggested range
$392k–$549k
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 2026-05-22

Lookup pending — check back tomorrow

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