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Financials

MB200112969
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Hearsay Market Square Tower LLC

737 PRESTON ST, Houston, TX 77002 · TABC MB200112969

Mixed Beverage Houston Market Enriched 2026-07-10
$415,761 Annual gross (L12M) ▲ 18.5% latest MoM Click for monthly detail
$34,647 Avg monthly ▲ 32.5% latest vs avg Click for monthly detail
~24% Est. net margin (likely) $99,537/yr est. net Click for cost model
$249k–$348k Est. acquisition range 0.72× 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): $437,643 – $489,131/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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Hearsay Market Square Tower LLC is a mixed-beverage licensed establishment at 737 PRESTON ST, Houston, Texas (TABC MB200112969). Over the most recent 12 months it reported $415,761 in gross alcohol sales, averaging $34,647/month with a best month of $45,904. Sales mix: ~71% liquor · 8% beer · 21% wine. The building at this address is owned by BLOCK 42 OWNER LLC (830,270 sqft, $160,632,333 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $99,537 (~24% margin). Acquisition value is estimated at $249k–$348k 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
$415,761
Avg monthly
$34,647
Best month
$45,904
May 2026
Sales mix
71% Liq
8% Beer · 21% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1398860010001
Property owner (landlord)BLOCK 42 OWNER LLC
Total building SF830,270
Assessed value$160,632,333

Hearsay Market Square Tower LLC's share

Est. base rent ~$19/sqft/yr · 2,500 sqft · Class B $4,031/mo
NNN CAM / insurance$605/mo
NNN property tax$967/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $5,703/mo

Occupancy analysis

All-in occupancy cost is 16.5% 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 $415,761 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~34%
Revenue$415,761
COGS (24%)−$99,783
Labor (14%)−$58,207
Occupancy−$61,588
TX MB gross tax (6.7%)−$27,856
Utilities / ins / mktg (8%)−$33,261
Card surcharge net+$4,573
Net profit $139,641
Most Likely
Typical bar, light food program, full two-shift staffing
~24%
Revenue$415,761
COGS (27%)−$112,255
Labor (17%)−$70,679
Occupancy−$68,431
TX MB gross tax (6.7%)−$27,856
Utilities / ins / mktg (10%)−$41,576
Card surcharge net+$4,573
Net profit $99,537
Stressed
Heavy food, larger crew, higher rent
~12%
Revenue$415,761
COGS (30%)−$124,728
Labor (22%)−$91,467
Occupancy−$75,274
TX MB gross tax (6.7%)−$27,856
Utilities / ins / mktg (12%)−$49,891
Card surcharge net+$4,573
Net profit $51,117
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 Hearsay Market Square Tower LLC looking up officers…
1
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $99,537/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 (~$99,537 net) estimated

Revenue multiple
$208k–$333k
0.5–0.8× gross
SDE multiple
$249k–$348k
2.5–3.5× earnings
Cap rate
$302k–$398k
25–33%
Suggested range
$249k–$348k
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