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Financials

MB200123923
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Carta Marina Seafood And Oyster Bar

10865 JONES RD, Houston, TX 77065 · TABC MB200123923

Mixed Beverage Houston Market Enriched 2026-09-11
$138,317 Annual gross (L12M) ▲ 20.4% latest MoM Click for monthly detail
$11,526 Avg monthly ▲ 18.5% latest vs avg Click for monthly detail
~22% Est. net margin (likely) $30,983/yr est. net Click for cost model
$77k–$108k Est. acquisition range 0.67× 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): $138,317 – $153,686/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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Carta Marina Seafood And Oyster Bar is a mixed-beverage licensed establishment at 10865 JONES RD, Houston, Texas (TABC MB200123923). Over the most recent 12 months it reported $138,317 in gross alcohol sales, averaging $11,526/month with a best month of $17,562. Sales mix: ~43% liquor · 57% beer · 0% wine. The building at this address is owned by STEEPLECHASE INVESTMENTS LLC (4,300 sqft, $774,102 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $30,983 (~22% margin). Acquisition value is estimated at $77k–$108k 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
$138,317
Avg monthly
$11,526
Best month
$17,562
Aug 2025
Sales mix
43% Liq
57% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1148480000021
Property owner (landlord)STEEPLECHASE INVESTMENTS LLC
Total building SF4,300
Assessed value$774,102

Carta Marina Seafood And Oyster Bar's share

Est. base rent ~$5/sqft/yr · 2,500 sqft · Class B $1,044/mo
NNN CAM / insurance$157/mo
NNN property tax$774/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $2,075/mo

Occupancy analysis

All-in occupancy cost is 18.0% 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 $138,317 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~32%
Revenue$138,317
COGS (24%)−$33,196
Labor (14%)−$19,364
Occupancy−$22,407
TX MB gross tax (6.7%)−$9,267
Utilities / ins / mktg (8%)−$11,065
Card surcharge net+$1,521
Net profit $44,538
Most Likely
Typical bar, light food program, full two-shift staffing
~22%
Revenue$138,317
COGS (27%)−$37,346
Labor (17%)−$23,514
Occupancy−$24,897
TX MB gross tax (6.7%)−$9,267
Utilities / ins / mktg (10%)−$13,832
Card surcharge net+$1,521
Net profit $30,983
Stressed
Heavy food, larger crew, higher rent
~11%
Revenue$138,317
COGS (30%)−$41,495
Labor (22%)−$30,430
Occupancy−$27,387
TX MB gross tax (6.7%)−$9,267
Utilities / ins / mktg (12%)−$16,598
Card surcharge net+$1,521
Net profit $14,662
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 Odilon Enterprises LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $30,983/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 (~$30,983 net) estimated

Revenue multiple
$69k–$111k
0.5–0.8× gross
SDE multiple
$77k–$108k
2.5–3.5× earnings
Cap rate
$94k–$124k
25–33%
Suggested range
$77k–$108k
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 2026-07-23

No federal lawsuits — past or pending