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Financials

MB200103365
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Vida Garden/Pick Your Poison

2300 LOUISIANA ST C/O 612 HADLEY, Houston, TX 77006 · TABC MB200103365

Mixed Beverage Houston Market Enriched 2026-05-24
$11,893,633 Annual gross (L12M) ▼ 12.6% latest MoM Click for monthly detail
$991,136 Avg monthly ▼ 3.7% latest vs avg Click for monthly detail
~36% Est. net margin (likely) $4,271,681/yr est. net Click for cost model
$10,679k–$11,894k Est. acquisition range 0.95× 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 Cocktail Bar, liquor is typically only 85–95% of total business revenue. Spirits-led; low food. Estimated total revenue (rough): $12,519,614 – $13,992,509/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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Vida Garden/Pick Your Poison is a mixed-beverage licensed establishment at 2300 LOUISIANA ST C/O 612 HADLEY, Houston, Texas (TABC MB200103365). Over the most recent 12 months it reported $11,893,633 in gross alcohol sales, averaging $991,136/month with a best month of $1,170,732. Sales mix: ~90% liquor · 10% beer · 0% wine. The building at this address is owned by RE III RESHI HOUSTON III DE LLC (123,001 sqft, $53,386,200 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $4,271,681 (~36% margin). Acquisition value is estimated at $10,679k–$11,894k 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
$11,893,633
Avg monthly
$991,136
Best month
$1,170,732
Nov 2025
Sales mix
90% Liq
10% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID0212570000001
Property owner (landlord)RE III RESHI HOUSTON III DE LLC
Total building SF123,001
Assessed value$53,386,200

Vida Garden/Pick Your Poison's share

Est. base rent ~$52/sqft/yr · 7,500 sqft · Class A $32,552/mo
NNN CAM / insurance$4,883/mo
NNN property tax$6,510/mo
Personal property tax est — no BPP record $500/mo
Total occupancy $44,446/mo

Occupancy analysis

All-in occupancy cost is 4.5% 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 $11,893,633 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~44%
Revenue$11,893,633
COGS (24%)−$2,854,472
Labor (14%)−$1,665,109
Occupancy−$480,012
TX MB gross tax (6.7%)−$796,873
Utilities / ins / mktg (8%)−$951,491
Card surcharge net+$130,830
Net profit $5,276,506
Most Likely
Typical bar, light food program, full two-shift staffing
~36%
Revenue$11,893,633
COGS (27%)−$3,211,281
Labor (17%)−$2,021,918
Occupancy−$533,347
TX MB gross tax (6.7%)−$796,873
Utilities / ins / mktg (10%)−$1,189,363
Card surcharge net+$130,830
Net profit $4,271,681
Stressed
Heavy food, larger crew, higher rent
~25%
Revenue$11,893,633
COGS (30%)−$3,568,090
Labor (22%)−$2,616,599
Occupancy−$586,682
TX MB gross tax (6.7%)−$796,873
Utilities / ins / mktg (12%)−$1,427,236
Card surcharge net+$130,830
Net profit $3,028,983
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 2300 Entertainment LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $4,271,681/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 (~$4,271,681 net) estimated

Revenue multiple
$5.95M–$9.51M
0.5–0.8× gross
SDE multiple
$10.68M–$14.95M
2.5–3.5× earnings
Cap rate
$12.94M–$17.09M
25–33%
Suggested range
$10,679k–$11,894k
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 2026-06-02

No federal lawsuits — past or pending