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Financials

MB200091019
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Larry & Rita's

3701 PURE ATLANTIC RD, Groves, TX 77619 · TABC MB200091019

Mixed Beverage Groves Market Enriched 2026-07-10
$492,711 Annual gross (L12M) ▲ 13.3% latest MoM Click for monthly detail
$41,059 Avg monthly ▲ 26.2% latest vs avg Click for monthly detail
~28% Est. net margin (likely) $138,410/yr est. net Click for cost model
$346k–$484k 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 Bar, liquor is typically only 90–100% of total business revenue. Mostly liquor — our number is ~total revenue. Estimated total revenue (rough): $492,711 – $547,457/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

Larry & Rita's is a mixed-beverage licensed establishment at 3701 PURE ATLANTIC RD, Groves, Texas (TABC MB200091019). Over the most recent 12 months it reported $492,711 in gross alcohol sales, averaging $41,059/month with a best month of $61,588. Sales mix: ~72% liquor · 25% beer · 3% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $138,410 (~28% margin). Acquisition value is estimated at $346k–$484k 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
$492,711
Avg monthly
$41,059
Best month
$61,588
Mar 2026
Sales mix
72% Liq
25% Beer · 3% 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)$4,311/mo
NNN CAM / insurance$647/mo
Total occupancy$5,054/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 $492,711 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$492,711
COGS (24%)−$118,251
Labor (14%)−$68,980
Occupancy−$54,580
TX MB gross tax (6.7%)−$33,012
Utilities / ins / mktg (8%)−$39,417
Card surcharge net+$5,420
Net profit $183,892
Most Likely
Typical bar, light food program, full two-shift staffing
~28%
Revenue$492,711
COGS (27%)−$133,032
Labor (17%)−$83,761
Occupancy−$60,645
TX MB gross tax (6.7%)−$33,012
Utilities / ins / mktg (10%)−$49,271
Card surcharge net+$5,420
Net profit $138,410
Stressed
Heavy food, larger crew, higher rent
~17%
Revenue$492,711
COGS (30%)−$147,813
Labor (22%)−$108,396
Occupancy−$66,709
TX MB gross tax (6.7%)−$33,012
Utilities / ins / mktg (12%)−$59,125
Card surcharge net+$5,420
Net profit $83,075
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 Larry's & Rita's Don Lupe INC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $138,410/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 (~$138,410 net) estimated

Revenue multiple
$246k–$394k
0.5–0.8× gross
SDE multiple
$346k–$484k
2.5–3.5× earnings
Cap rate
$419k–$554k
25–33%
Suggested range
$346k–$484k
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 2026-07-05

Lookup pending — check back tomorrow

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