King's Steakhouse

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 Steakhouse, liquor is typically only 25–40% of total business revenue. Steakhouse. Total revenue is typically 2.5–4× our liquor figure (high food average ticket). Estimated total revenue (rough): $1,986,380 – $3,178,208/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.

Executive Summary

Click to expand full narrative

King's Steakhouse is a mixed-beverage licensed establishment at 2200 POST OAK BLVD STE 140, Houston, Texas (TABC MB200093626). Over the most recent 12 months it reported $794,552 in gross alcohol sales, averaging $66,213/month with a best month of $147,182. Sales mix: ~49% liquor · 2% beer · 49% wine. The building at this address is owned by MASAVEU POST OAK HOUSTON DELAWARE LLC (674,646 sqft, $138,758,956 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $202,473 (~25% margin). Acquisition value is estimated at $506k–$709k 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

$794,552

Avg monthly

$66,213

Best month

$147,182

Dec 2025

Sales mix

49% Liq

2% Beer · 49% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1327110010003

Property owner (landlord)MASAVEU POST OAK HOUSTON DELAWARE LLC

Total building SF whole parcel — King's Steakhouse is in STE 140674,646

King's Steakhouse's footprint estimated — suite-level not on file 3,500 sf

Assessed value$138,758,956

King's Steakhouse's share

Est. base rent ~$25/sqft/yr · 3,500 sqft · Class A $7,199/mo

NNN CAM / insurance$1,080/mo

NNN property tax$1,440/mo

Personal property tax est — no BPP record $159/mo

Total occupancy $9,877/mo

Occupancy analysis

All-in occupancy cost is 14.9% 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 $794,552 gross revenue estimated

Best Case

No kitchen, efficient staffing, favorable lease

~35%

Revenue$794,552

COGS (24%)−$190,692

Labor (14%)−$111,237

Occupancy−$106,673

TX MB gross tax (6.7%)−$53,235

Utilities / ins / mktg (8%)−$63,564

Card surcharge net+$8,740

Net profit $277,890

Most Likely

Typical bar, light food program, full two-shift staffing

~25%

Revenue$794,552

COGS (27%)−$214,529

Labor (17%)−$135,074

Occupancy−$118,526

TX MB gross tax (6.7%)−$53,235

Utilities / ins / mktg (10%)−$79,455

Card surcharge net+$8,740

Net profit $202,473

Stressed

Heavy food, larger crew, higher rent

~14%

Revenue$794,552

COGS (30%)−$238,366

Labor (22%)−$174,801

Occupancy−$130,378

TX MB gross tax (6.7%)−$53,235

Utilities / ins / mktg (12%)−$95,346

Card surcharge net+$8,740

Net profit $111,166

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 King Steak LLC looking up officers…

Number of owners

Ownership split

Equal split (50% each)

Based on the "Most Likely" scenario net profit of $202,473/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 (~$202,473 net) estimated

Revenue multiple

$397k–$636k

0.5–0.8× gross

SDE multiple

$506k–$709k

2.5–3.5× earnings

Cap rate

$614k–$810k

25–33%

Suggested range

$506k–$709k

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.

Full-business estimate · Steakhouse

If you're buying the whole restaurant, not just the bar program

We estimate this steakhouse pulls $1,986,380–$3,178,208/yr in total revenue (your liquor portion of $794,552 is roughly 25–40% of the total per industry benchmarks). Applied to that estimated total: revenue multiple 0.30–0.50×, net margin 10–15%, SDE multiple 2.5–4.0× (restaurant comps, not bar comps).

Estimated total revenue

$1,986k–$3,178k

food + liquor + service

Estimated net (10–15%)

$199k–$477k

restaurant margin

Full-business value

$546k–$1,748k

blended rev × SDE

Confidence on this estimate is lower than the liquor-only valuation above — we're inferring food revenue from category averages, not from this specific operator's books. A serious buyer should request actual P&Ls + a Schedule C / 1120S.

Federal court history

Public records · last checked 2026-07-01

Lookup pending — check back tomorrow

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Financials

Executive Summary

Sales performance · last 12 months

Property & occupancy

Occupancy analysis

Profit scenarios

Owner income estimator

Acquisition value estimate

If you're buying the whole restaurant, not just the bar program

Federal court history