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Financials

MB200100216
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Four Points By Sheraton Midland

5518 STARBOARD DR, Midland, TX 79706 · TABC MB200100216

Mixed Beverage Midland Market Enriched 2026-09-28
$101,602 Annual gross (L12M) ▲ 18.7% latest MoM Click for monthly detail
$8,467 Avg monthly ▲ 6.8% latest vs avg Click for monthly detail
~27% Est. net margin (likely) $27,629/yr est. net Click for cost model
$69k–$97k Est. acquisition range 0.82× 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 Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $112,891 – $145,146/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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Four Points By Sheraton Midland is a mixed-beverage licensed establishment at 5518 STARBOARD DR, Midland, Texas (TABC MB200100216). Over the most recent 12 months it reported $101,602 in gross alcohol sales, averaging $8,467/month with a best month of $11,623. Sales mix: ~59% liquor · 29% beer · 13% wine. Applying Texas bar cost benchmarks yields an estimated annual net of approximately $27,629 (~27% margin). Acquisition value is estimated at $69k–$97k 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
$101,602
Avg monthly
$8,467
Best month
$11,623
Mar 2026
Sales mix
59% Liq
29% Beer · 13% 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)$889/mo
NNN CAM / insurance$133/mo
Total occupancy$1,118/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 $101,602 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~37%
Revenue$101,602
COGS (24%)−$24,384
Labor (14%)−$14,224
Occupancy−$12,077
TX MB gross tax (6.7%)−$6,807
Utilities / ins / mktg (8%)−$8,128
Card surcharge net+$1,118
Net profit $37,099
Most Likely
Typical bar, light food program, full two-shift staffing
~27%
Revenue$101,602
COGS (27%)−$27,433
Labor (17%)−$17,272
Occupancy−$13,418
TX MB gross tax (6.7%)−$6,807
Utilities / ins / mktg (10%)−$10,160
Card surcharge net+$1,118
Net profit $27,629
Stressed
Heavy food, larger crew, higher rent
~16%
Revenue$101,602
COGS (30%)−$30,481
Labor (22%)−$22,352
Occupancy−$14,760
TX MB gross tax (6.7%)−$6,807
Utilities / ins / mktg (12%)−$12,192
Card surcharge net+$1,118
Net profit $16,127
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 Jmh F&B Owner LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $27,629/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 (~$27,629 net) estimated

Revenue multiple
$51k–$81k
0.5–0.8× gross
SDE multiple
$69k–$97k
2.5–3.5× earnings
Cap rate
$84k–$111k
25–33%
Suggested range
$69k–$97k
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 2026-07-19

No federal lawsuits — past or pending