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Financials

MB200076747
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Koi

240 WESTHEIMER RD, Houston, TX 77006 · TABC MB200076747

Mixed Beverage Houston Market Enriched 2026-07-10
$176,017 Annual gross (L12M) ▲ 42.0% latest MoM Click for monthly detail
$14,668 Avg monthly ▲ 0.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $39,428/yr est. net Click for cost model
$99k–$138k 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 Sports Bar, liquor is typically only 50–70% of total business revenue. Liquor heavy with food sales. Estimated total revenue (rough): $251,453 – $352,034/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Koi is a mixed-beverage licensed establishment at 240 WESTHEIMER RD, Houston, Texas (TABC MB200076747). Over the most recent 12 months it reported $176,017 in gross alcohol sales, averaging $14,668/month with a best month of $17,003. Sales mix: ~62% liquor · 10% beer · 28% wine. The building at this address is owned by H TOWN PROPERTIES LLC (2,504 sqft, $1,305,595 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $39,428 (~22% margin). Acquisition value is estimated at $99k–$138k 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
$176,017
Avg monthly
$14,668
Best month
$17,003
Oct 2025
Sales mix
62% Liq
10% Beer · 28% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0041390000008
Property owner (landlord)H TOWN PROPERTIES LLC
Total building SF2,504
Assessed value$1,305,595

Koi's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class A $1,074/mo
NNN CAM / insurance$161/mo
NNN property tax$1,306/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,640/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 $176,017 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$176,017
COGS (24%)−$42,244
Labor (14%)−$24,642
Occupancy−$28,515
TX MB gross tax (6.7%)−$11,793
Utilities / ins / mktg (8%)−$14,081
Card surcharge net+$1,936
Net profit $56,677
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$176,017
COGS (27%)−$47,525
Labor (17%)−$29,923
Occupancy−$31,683
TX MB gross tax (6.7%)−$11,793
Utilities / ins / mktg (10%)−$17,602
Card surcharge net+$1,936
Net profit $39,428
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$176,017
COGS (30%)−$52,805
Labor (22%)−$38,724
Occupancy−$34,851
TX MB gross tax (6.7%)−$11,793
Utilities / ins / mktg (12%)−$21,122
Card surcharge net+$1,936
Net profit $18,658
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 Falcon J. Management LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $39,428/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 (~$39,428 net) estimated

Revenue multiple
$88k–$141k
0.5–0.8× gross
SDE multiple
$99k–$138k
2.5–3.5× earnings
Cap rate
$119k–$158k
25–33%
Suggested range
$99k–$138k
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 2026-10-06

Lookup pending — check back tomorrow

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